The Enernova Insights

PJM has released capacity prices for the 2026/2027 planning year, offering greater clarity on market pricing through May 2027.

A sweeping new federal budget bill, unofficially called the “Big, Beautiful Bill,” has the potential to reshape clean energy market dynamics. While developers may be focused on construction timelines and credit eligibility, clean energy buyers should also pay close attention to how this legislation may impact future procurement opportunities.

Just four years ago, $2.50/Mcf was seen as the breakeven price for U.S. natural gas production. Today, that number has moved sharply higher.

Our market research team is seeing signs of a short-term shift in power markets. Our modeling indicates the most likely near-term path is lower, with a projected 5% to 8% decline in forward pricing between now and mid-September.

Following this weekend’s U.S. strike on Iranian targets, we've received a wave of questions from clients about what this could mean for energy markets.

The biggest driver of future electricity prices won’t be the weather it’ll be whether the system can deliver power at all. We’re seeing a growing mismatch between energy demand and the capacity of the grid, supply chain, and labor force to support it.

Most commercial electricity customers in ComEd are already exposed to market price risk—even when they’re on a fixed-price contract.

The power grid serving over 65 million people across the Midwest and East Coast (PJM) is entering a period of tighter operating margins.

Beginning June 2025, PJM capacity prices will reflect a nearly 900% increase — a dramatic market shift that will now be largely locked in through May 2028.