The Pexapark Podcast PJM in Flux: Capacity Price Spikes, Renewables & How The World’s Largest Power Market Works
Welcome back to The Pexapark Podcast! In the first part of the episode, we unpack what’s been moving the renewable energy markets over the past weeks. From the sweeping impact of the “Big Beautiful Bill” reshaping U.S. clean energy, to PJM’s latest capacity auction price spikes, we explore how policy shifts and market dynamics are changing the trajectory of long-term renewables. Our deal tracker reveals surging utility PPA volumes, with Italy and Spain leading the way, while Poland firmly joins Europe’s front-rank of offtake markets – this time with its first landmark BESS transactions. We also touch on Germany’s stalled offshore wind auctions, the rise of storage-backed solar smoothing intraday volatility, and how even small shifts in generation timing can dramatically reduce negative price hours.
In the second part of the episode, Yaniv Jaffe, Senior Product Manager at Pexapark joins us for a deep dive into what makes PJM tick. Enjoy a discussion on themes including:
- PJM’s scale and unique multi-state market design
- The growing influence of data center demand on load forecasts
- Why the capacity market has become so valuable (and politically sensitive)
- How renewable capture factors and REC prices stack up against ERCOT and CAISO
- Interconnection queue bottlenecks and their impact on project build-out
- Revenue stacking opportunities for wind, solar, and storage in PJM
- Lessons PJM can take from ERCOT’s volatility and California’s renewable penetration
- What investors, developers, and off-takers should watch most closely in PJM going forward
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