A combination of recovering electricity demand and warmer spring weather helped drive fuel prices to multi-year highs, pushing wholesale electricity prices further up. The unusual price growth during spring takes place against a backdrop of tighter summer conditions in California and Texas, even as capacity markets come under bearish pressure in the Eastern Independent System Operator markets of New England, New York, and PJM.
Considering the follow-on impacts to electricity markets, carbon markets, and green markets, price expansion may change the valuation dynamics of conventional and green power. Will the energy transition accelerate or stall?
Join our analysts as they review our Q2'21 Power Forecast findings to identify key changes in generator valuation, assess market dynamics and examine merchant natural gas, solar, and wind assets in: