BRA (Base Residual Auction)

The Base Residual Auction is where PJM procures capacity commitments for a future delivery year, and its clearing price sets what a megawatt of Peak Load Contribution costs. Prices cleared at the FERC-approved cap for the 2025/26, 2026/27, and 2027/28 delivery years, with 2027/28 at $333.44 per MW-day across the RTO, roughly $121,700 per MW-year before zonal scaling. Rising BRA prices are why 5CP management keeps getting more valuable.

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