PJM’s 2026/2027 Base Residual Auction Clears at the FERC-Approved Price Cap
PJM’s Base Residual Auction (BRA) for the 2026/2027 delivery year cleared at record-high prices, reaching the Federal Energy Regulatory Commission-approved price cap of $329.17/MW-day for the entire PJM footprint. This represents a 22% increase over the 2025/2026 BRA clearing price of $269.92/MW-day . According to PJM, the market is responding to investment signals from the […]