Siegel: PJM capacity prices surged from $30 to over $300 per megawatt-day
Paul Siegel · PJM and ERCOT navigate a capacity rollercoaster · Feb 12, 2026 · at 4:16
Paul Siegel, CEO of LS Power, describes the dramatic shift in PJM wholesale power capacity prices following sudden load growth.
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“When we rewind back just a couple of years, we had capacity clears that were going off between 30 and 50 dollars per megawatt day, and that compares to a little bit over 300 dollars a megawatt day in the more recent clears and subject to the cap in the capacity auction mechanism.”
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