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December 5, 2025
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PJM Capacity Prices Hit $329/MW-day Price Cap
PJM capacity prices cleared at $329.17/MW-day (UCAP) RTO-wide for delivery year 2026/27, hitting the price cap approved by FERC after prices rose nearly 10-fold in the July 2024 auction.
PJM capacity prices cleared at $329.17/MW-day (UCAP) RTO-wide for delivery year 2026/27, hitting the price cap approved by FERC after prices rose nearly 10-fold in the July 2024 auction. | PJM
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The clearing price is the highest in PJM history and an increase of $59.22 (22%) from last year’s record for the RTO.

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