Webinar

PJM Power Market Outlook: The Outlook for Energy Prices and Where They Are Headed

Register Now

Branded Overvlay - City Connections at Night

Long-term market conditions in PJM are changing rapidly. As electricity demand grows, the resource mix evolves, and the transmission system expands, understanding future power prices has become increasingly important for development, procurement, and investment decisions.

Join Yes Energy's market experts Cliff Rose, Director of Product, and McKenzie Fowler, Director of Energy Modeling, for an in-depth look at our latest long-term outlook for the PJM market.

Explore the key trends expected to shape PJM's long-term nodal outlook through 2046, identify where opportunities and risks may emerge, and hear what these changes could mean for developers, utilities, energy buyers, and investors.

In this session, the outlook for energy prices refers to wholesale locational marginal prices (LMPs) in PJM through 2046, not retail bills. The forecast is built on a fundamentals-based nodal model.

What You'll Learn

Our latest long-term outlook for the PJM market and the trends expected to shape LMPs and LMERs.
The methodology and assumptions behind Yes Energy's long-term nodal forecast, and why transparency matters.
What distinguishes a defensible, fundamental forecast from traditional price curves.
How to access and apply these insights to support investment, and procurement decisions.

What the 20-Year Power Price Forecast Shows

Load: Annual load rises about 72% by 2046, driven largely by data centers.
Prices: The average real-time locational marginal price (LMP) rises 82% to about $99 per megawatt-hour in real 2024 dollars.
Congestion costs: Aggregate real-time congestion costs rise 92% to $6.4 billion.
Congestion timing: Congestion eases slightly through about 2030 as transmission upgrades and new resources come online, then climbs as load growth accelerates.
Scenarios: Three scenarios show the range of outcomes: Equilibrium (the base case), Low Regulation (a more thermal-dominant future), and Infrastructure Expansion (a cleaner-energy trajectory).

Who Should Attend?

Renewable and storage developers
Utility procurement and resource planning teams
Corporate energy buyers
Project finance and investment professionals
Power market analysts
Origination and market strategy teams

This forecast was made possible by GridSite Nodal.

Meet the Speakers

McKenzie Fowler, Yes Energy

Director of Energy Modeling

McKenzie Fowler leads Yes Energy's electricity market forecasting team, overseeing the development and maintenance of long-term electricity market models that help power market stakeholders make informed investment, development, and procurement decisions. She brings expertise in electricity market modeling, price forecasting, energy transition strategy, resource planning, and market analysis. Prior to joining Yes Energy through the ENELYTIX acquisition, McKenzie advised clients on energy market strategy, transaction diligence, resource planning, and power purchase agreements. She holds a MASc in Mechanical Engineering from the University of Victoria and a BSc in Mechanical Engineering from the University of Massachusetts Lowell.

Cliff Rose, Yes Energy

Director of Product

Cliff Rose leads Yes Energy's efforts to build products that help our customers leverage power market data to make better asset siting decisions. He has ten years of experience helping companies navigate power markets in both consulting and SaaS businesses. Outside of work you can find Cliff engaging in stereotypical Colorado activities such as skiing, running, and biking.

Total (Planned Outage) Recall: A Look Inside PJM’s October 13th Price Spike

Total (Planned Outage) Recall: A Look Inside PJM’s October 13th Price Spike

PJM real-time prices topped $1,500/MWh on Oct. 13 with load far below summer peaks. Here’s how planned generator outages drove the spike.

Nodal Trader 2026 Workshop: The Data Behind the Headlines

Nodal Trader 2026 Workshop: The Data Behind the Headlines

Get the Nodal Trader 2026 workshop deck: PJM price spikes, battery storage, supply shifts, FTR trends, and RGGI’s price impact, backed by Yes Energy d...

Hub-Level Prices Won't Cut It: What Yes Energy's PJM Forecast Says About the Next 20 Years

Hub-Level Prices Won't Cut It: What Yes Energy's PJM Forecast Says About the Next 20 Years

PJM real-time LMPs rise 82% and congestion costs 92% by 2046. See why hub-level price curves hide the basis risk that decides project economics.

Ready to See the Power Market with Complete Clarity?

Request a Demo