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Power Market Update | 07.31.2024

Summer heat returns for the middle of the U.S. and PJM Capacity Prices jump to a record high.

The middle of the U.S. is seeing a return of extreme heat this week with some indications that the weather pattern may shift and August may see a return to a more normal temperature pattern.

PJM - the largest organized power market in the U.S. - released the results of its 2025/26 Capacity Auction, where prices for capacity cleared at the highest level on record at $269.92 per MW-Day.

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Detailed U.S. Power Generation Charts in the PDF Below:

Electricity Generation Mix Charts
1.88MB ∙ PDF file
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Power Market Headlines:

National Weather Service Current Alerts (NWS) - Link

PJM Capacity Auction Results Press Release (PJM) - Link

PJM Capacity Auction Detailed Report (PJM) - Link

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