PJM capacity-market clearing price
USD per MW-day by delivery year — the grid-stress chart.
About this data
PJM’s capacity-auction clearing price jumped from ~$29/MW-day for 2024-25 to ~$270 and then ~$329/MW-day — a more-than-tenfold spike widely attributed to data-center load arriving faster than new generation. It is the clearest market signal of the grid squeeze.
$ per MW-day by delivery year — the killer chart for the grid story.
View data & sources →Data table
| series | source_ref | value_basis | delivery_year | clearing_price_usd_per_mw_day |
|---|---|---|---|---|
| pjm_capacity_price | pjm-capacity | PJM BRA 2022/23 RTO clearing price $50.00/MW-day | 2022-23 | 50 |
| pjm_capacity_price | pjm-capacity | PJM BRA 2023/24 RTO clearing price $34.13/MW-day | 2023-24 | 34.13 |
| pjm_capacity_price | pjm-capacity | Topics_Content/07_New_Trending_Topics_2026.md §1.3 — PJM 2024-25 clearing price $28.92/MW-day | 2024-25 | 28.92 |
| pjm_capacity_price | utility-dive | PJM BRA 2025/26 RTO clearing price $269.92/MW-day (Utility Dive; PJM report) | 2025-26 | 269.92 |
| pjm_capacity_price | pjm-capacity | Topics_Content/07_New_Trending_Topics_2026.md §1.3 — PJM 2026-27 clearing price $329.17/MW-day (>10× the 2024-25 print) | 2026-27 | 329.17 |
1 more row + CSV download
The full 6-row dataset, one-click CSV export, and the AI-ready context file are free with an account. Prefer to verify it yourself? The full methodology and sources are published below.
Methodology & sources
Last updated: Jul 17, 2026Methodology
Source-backed values are seeded for all five charts: global data-center electricity consumption (IEA Energy & AI, historic vs base-case scenario, corroborated by S&P Global), the AI vs non-AI share of data-center power capacity (McKinsey base case, corroborated by JLL), the PJM capacity-market clearing price by delivery year (PJM Base Residual Auction reports, corroborated by Utility Dive), the US data-center demand-vs-supply gap to 2028 (Morgan Stanley; Deloitte), and per-site power draw vs a city. Every numeric point carries a sources[].ref and a value_basis. The 2028 available-capacity figure is derived from Morgan Stanley’s ~45 GW shortfall estimate against ~100 GW demand (labeled in the value_basis). ESTIMATE: the AI-share chart uses McKinsey’s published AI-vs-total capacity trajectory (AI ~44 GW in 2025 → ~156 GW of ~219 GW total by 2030); the 2028 point is interpolated along that trajectory and the non-AI slice is a deduction (total − AI). It is a published-estimate split, not a measured per-year megawatt count. Re-verified 2026-06-17.
Sources
- Utility Dive — PJM capacity prices ↗ Public report
Comparisons are informative, not definitive. See each source for definitions and limits.