By Paul Sankey
Published on July 20, 2025 at 5:49 PM
I sent you a slab of text yesterday, a Thematic, our favourite work, on US power markets, and specifically the upcoming PJM auction results. I have re-attached the note to this email so you can plunge into it, if you have not already. It’s linked at the end of this note and is entitled “Understanding PJM: The Auction” which results are due this week, Tuesday 22nd July. ~ Top of mind, very disappointing share price …
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By Paul Sankey
Published on July 19, 2025 at 7:50 PM
On Tuesday of this week (July 22nd 2025), the highly anticipated results of the capacity auction for the largest regulated publicly traded electricity market in the world, the PJM (Pennsylvania, New Jersey, Maryland) power system will be announced. PJM serves 65 million people with approximately 185 GW of installed capacity and a peak demand of around 153 GW, but more crucially, is the largest data center market in the world. “Think Pentagon” as we say …
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By Paul Sankey
Published on June 29, 2025 at 4:53 PM
Today we do some work. I can see you sitting back on your yacht in Venice, cursing in Italian that Jeff Bezos has ruined your weekend. You call to the captain. Use your hands to be understood: “Questo fottuto Jeff Bezos e il suo stupido matrimonio. Ha 200 invitati e invita Sydney Sweeney? Non è fisicamente possibile che l’abbia incontrata più di due anni fa. Leviamo l’ancora, corriamo a Portofino. Non parlarmi nemmeno della sua …
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