Welcome back to The Pexapark Podcast!
In the first part of the episode, Luca Pedretti is joined by Dominique Hischier, VP – Editorial & Analysis at Pexapark, to unpack the big theme of Pexapark’s Market Outlook 2026: “The Big Repricing – how volatility and BESS reshape clean energy markets.”
Enjoy their discussion on topics including:
- What it means to operate in a renewables-dominated power system
- Why price volatility is becoming structural, not cyclical
- How lower capture rates, negative prices, and curtailment are reshaping revenues
- Why value is shifting from generation toward flexibility and BESS
- How offtake is evolving as PPA volumes fell ~15% in 2025
- The rise of FPAs and merchant optimization as core routes to market for batteries
In the second part of the episode, Luca turns to recent Pexapark market intelligence on the world’s largest power market, PJM, and how it is being reshaped by rapid data center demand growth and thermal retirements. Capacity auction prices have cleared at the regulatory ceiling again, reserve margins are razor-thin, and new procurement models are emerging – from behind-the-meter and co-located strategies to regulatory changes enabling faster interconnection. The episode also looks at proposals for a one-time auction offering 15-year revenue certainty for new dispatchable generation, signaling a major potential shift in market design.
Pexapark’s Renewables Market Outlook 2026 is now available.
The Big Repricing examines how record renewable deployment, rising volatility, and the rapid scale-up of BESS are reshaping how value is created and captured across clean energy markets.
Download the full report
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