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In our 2022 year-end update, we flagged concerns about near-term low reserve margins in key US regions. Our power forecast for Q1 indicates the problem is growing, and we now forecast higher capacity values in many markets including auction markets such as MISO and NYISO, and the ERCOT scarcity market. PJM, long a region with significant merchant investment, may even become vulnerable. Generation in the Western US remains chronically tight.
Join our analysts for an update on the US energy market dynamics based off our Q1'23 power forecast release:
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