PJM Rivals ERCOT on Price, Volatility
November 29, 2021
While ERCOT has made its fair share of headlines when it comes to high prices and high volatility in 2021, PJM is not far behind.
Even before winter storm URI, PJM weighted average price action was on its way to dramatic year-over-year increases. Factors include higher natural gas prices, economic recovery, and increased load due to a colder winter and warmer summer.
On a year-over-year basis, 2021 was a shock in the PJM market. However, 2020 prices were among the lowest since PJM markets were established.