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Recent Reports

Ontario's Capacity Prices Spike Higher

December 7, 2025
By 
Brady Yauch & Nadiha Khan

On December 4, 2025, the Independent Electricity System Operator (IESO) released results from its annual Capacity Auction with a summer and winter clearing price of $645.24/MW-day and $725.31/MW-day, respectively – marking the highest ever clearing price in Ontario for the Capacity Auction and a significant jump from the $332.39/MW-day and $139.00/MW-day for the summer and winter in last year’s auction.

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MRP Monthly Review November 2025: High Congestion in Niagara, Southwest, and West Zones

December 5, 2025
By 
Brady Yauch & Brendan Callery & Nadiha Khan

For the month of November, the average Day-Ahead (DA) zonal prices ranged from $77/MWh (Niagara) to $93/MWh (Ottawa), while Real-Time (RT) zonal prices ranged between $48/MWh (West) to $95/MWh (Ottawa).

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The Impact of Large Loads on Rate Design

November 26, 2025
By 
Brady Yauch & Roy Hrab & Travis Lusney

Are all new loads created equally? That is the question facing policy makers, grid operators and regulators as the tsunami of new potential electricity demand from data centres hits electricity grids across North America (and globally).

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MRP Review Week 26: More Congestion and Increased Transmission Interface Outages

November 4, 2025
By 
Brady Yauch & Brendan Callery & Nadiha Khan

The last two weeks saw Day-Ahead (DA) prices move higher and Real-Time (RT) zonal prices move lower compared to the previous two weeks. Average DA zonal prices ranged from $50/MWh (Niagara) to $69/MWh (Northwest), while RT zonal prices ranged between $52/MWh (Niagara) to $63/MWh (Northwest).

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MRP Review Week 25: High Prices and OZP breaks $200/MWh Five Times

October 28, 2025
By 
Brady Yauch & Brendan Callery & Nadiha Khan

Day-Ahead (DA) zonal prices in the last week were higher compared to the previous three weeks, while Real-Time (RT) zonal prices decreased. DA zonal prices ranged from $49/MWh (Niagara) to $73/MWh (Northwest), while RT zonal prices ranged between $50/MWh (Niagara) to $64/MWh (Northwest).

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MRP Review Week 24: High Prices and Congestion in Several Zones

October 22, 2025
By 
Brady Yauch & Brendan Callery & Nadiha Khan

The IESO has released the Dispatch Deviation report for September. Although market interventions have decreased from August, they remain elevated compared to September 2024.

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Pennsylvania Net Metering Update: PPL Enters the Fray with Rate Case Filing

October 16, 2025
By 
Andrew Kinross & Andrew Bracken

PPL Electric Utilities recently filed a request to increase distribution base rates (under docket no. R-2025-3057164). In the proposed service tariff, the net metering tariff and Generation Supply Charge classes are revised so that customer-generators will be classified under the GSC-2 rider and receive a Price to Compare which is primarily based on the PJM hourly LMP of the PPL aggregate node.

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MRP Review Week 23: OZP breaks $200/MWh Several Times and Congestion in the Northwest Zone Reaches $613/MWh)

October 15, 2025
By 
Brady Yauch & Brendan Callery & Nadiha Khan

Day-Ahead zonal prices in the last week decreased compared to the previous three weeks while Real-Time zonal prices increased compared to the previous three weeks.

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Power Advisory Kicks Off Maryland Energy Storage Solicitation Process

October 14, 2025
By 
John Dalton

Power Advisory LLC has initiated the solicitation process for 800 MW of transmission-connected energy storage projects, on behalf of the Maryland Public Service Commission.

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MRP Review Week 22: High Prices and Resurgence of Congestion in the Ottawa and East Zone

October 7, 2025
By 
Brady Yauch & Brendan Callery & Nadiha Khan

The last two weeks saw Day-Ahead (DA) and Real-Time (RT) zonal prices move higher compared to the previous period.

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