PJM Rest of RTO Capacity Prices Spike Another 21% To Over $300 In 2026-27 BRA

Capacity prices for the Rest of RTO region in PJM’s base residual auction for the 2026-27 delivery year spiked 21% to $329.17 per MW-day, compared to the price from the 2025-26 BRA, with the latest capacity price increase coming during a time in which lawmakers in several PJM states have discussed leaving PJM, or implementing other electricity policy reforms, including utility ownership of generation, due to the already high 2025-26 capacity prices (the 2025-26 Rest of RTO clearing price from the 2025-26 BRA had been $269.92/MW-day) The $329.17 per MW-day price reflects the FERC-established price cap In the 2026-27 BRA, the BGE zone resource clearing price did decrease versus the 2025-26 BRA, to $329.17 per MW-day versus the 2025-26 BRA result of $466.35/MW-day In the BRA for the 2026-27 delivery year, resource clearing prices were as follows ($/MW-day):

Per PJM’s auction report, the Adjusted Preliminary Zonal Capacity Price [$/MW-day] resulting from the 2026-27 BRA is:

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