
Canada
- Global Adjustment charge to remain: CA $500k/MW
- Expect Alberta Prices to stay volatile and 10% above 2018 levels
- Current Ontario forward strips within $5 of all-time lows
- Continued federal/provincial conflicts on carbon pricing schemes
California
- Resource Adequacy charges to jump 15–50% across regions
- Extreme price volatility expected to continue amidst increased renewable integration
- Direct Access and Community Aggregation changing the role of California’s IOUs
Mid-West
- Illinois likely to consider leaving PJM capacity market
- Demand charges reach $400,000/MW in Michigan
- First Energy Ohio aiming to significantly alter pricing structures
New York
- Climate policy reshaping NY energy markets
- Capacity prices to reach five-year highs in NYC
- Carbon pricing expectations driving price premiums across the state
New England
- State-sponsored renewable projects creating new risks for ratepayers
- Winter gas constraints expected throughout the decade
Texas
- Long-term contracts trading 10% below short-term deals
- Wind power directly impacting summer scarcity pricing
Mid-Atlantic
- FERC ruling on PJM capacity market creates budgetary risks
- System Peak charges eclipse $230,000/MW in New Jersey
- Competitive power markets heating up in Virginia
Mexico
- Retail market currently offers 10–25% savings vs. utility tariff
- 300+ of Mexico’s biggest power users advancing retail market
- 60+ retail suppliers competing in a quickly maturing market
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