PJM Rest-Of-RTO BRA Capacity Price Falls By Nearly $100/MW-day For 2022-23; Locational Prices Drop Significantly As Well

PJM's base residual auction for the 2022-23 delivery year saw Rest-of-RTO and most locational prices drop significantly versus 2021-22

Capacity clearing prices in the BRA for 2022-23 were as follows ($/MW-day)

2022-23
        Capacity   
LDA    Performance   
RTO       $50.00
MAAC      $95.79
EMAAC     $97.86
BGE      $126.50
COMED     $68.96
DEOK      $71.69

For comparison, BRA capacity clearing prices for 2021-22 were as follows ($/MW-day)

2021-22 
        Capacity   
LDA    Performance   
RTO      $140.00
EMAAC    $165.73
PSEG     $204.29
BGE      $200.30
ATSI     $171.33
COMED    $195.55

MAAC     Rest of RTO price
DEOK     Rest of RTO price

Per PJM's auction report, the Adjusted Preliminary Zonal Capacity Price ($/MW-day) resulting from the 2022-23 BRA is:

AE             $98.04
AEP *          $50.09
APS            $50.09
ATSI           $50.09
BGE           $127.07
COMED          $69.13
DAYTON         $50.09
DEOK *         $71.78
DLCO           $50.09
DOM *          $50.09
DPL            $98.04
EKPC *         $50.09
JCPL           $98.04
METED          $96.42
OVEC           $50.09
PECO           $98.04
PENLC          $96.42
PEPCO          $95.97
PL             $96.42
PS             $98.04
RECO           $98.04

Notes:

* Obligation affected by FRR quantities

Adjusted Preliminary Zonal Capacity Price includes adjustment to cover funding of PRD Credits.