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Energize with AEP Energy

January 21, 2025

January 20th, 2025 – Real-time LMPs took a nosedive today, falling short of expectations as the load came in lighter than forecasted. PJM had to carry extra reserves due to a cold weather alert, but liquidations have been surprisingly low. With a robust renewables generation forecast for the week, near-term prices have dropped significantly.

January 17th, 2025 – The markets did a 180 on yesterday’s gains after overnight and midday weather models shifted back to near-normal temperatures for the 11-15 day outlook. While forecasts still show strong below-average temperatures for January 20th-24th, the renewables forecast has strengthened, pushing prices down sharply today, though they remain relatively strong overall.Â