Brakey Energy

09/29/2026

Brakey Energy’s September Ohio Energy Report is now available, featuring:

• PJM Peak Loads: Summer 2026 brought record-setting PJM electricity demand, with the preliminary 1CP reaching approximately 168.2 GW and the fifth-highest load reaching a new high since Brakey Energy began tracking capacity CPs in 2008.

• Demand Response & Grid Conditions: PJM Demand Response events highlighted increasingly tight grid conditions, with the September 17 event demonstrating the impact of high demand and unavailable generation on electricity prices.

• Enbridge Gas Ohio: A settlement has been reached in Enbridge Gas Ohio’s 2025 base rate case, addressing proposed changes to the utility’s distribution rates.

• Natural Gas & Electricity Markets: NYMEX natural gas prices and forward power prices continue to reflect changing market conditions, with forward prices extending through 2030 and beyond.

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08/28/2026

Brakey Energy’s August Ohio Energy Report is now available, featuring:

• PJM Spot Prices: Summer heat and tightening grid conditions pushed PJM spot prices above $1,000/MWh, with some locations exceeding $1,600/MWh.

• Reliability & Large Loads: PJM’s proposed Reliability Backstop Procurement and Large Load Registry could reshape how reliability costs are managed as data center demand continues to grow.

• Natural Gas Market: NYMEX natural gas prices remain relatively stable, while forward prices reflect uncertainty around weather, LNG demand, and future supply.

• Electricity Market: Forward power prices remain near multi-year highs as grid constraints, growing data center loads, and PJM’s capacity price cap continue to influence the market.

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Brakey Energy's August 2026 Ohio Energy Report covers soaring PJM summer spot prices, the proposed Large Load Registry, natural gas and electricity markets, and more.

07/30/2026

Brakey Energy's July Ohio Energy Report is now available, featuring:

• PJM Capacity Auction: The 2028/2029 Base Residual Auction cleared at the $325/MW-day price cap for the third consecutive year and fell 6,831 MW short of PJM's reliability requirement. A one-time backstop auction is planned for September.

• Summer Peak Loads: Preliminary 2026 coincident peak data for PJM, the ATSI Zone, and AEP Ohio.

• AES Ohio Rate Case: An unopposed settlement would establish the new CURB program, which would pay qualifying energy-intensive customers $6.00 per kW of curtailable load beginning in 2028.

• Market Updates: Forward power prices have decoupled from natural gas, and we explain why the capacity price cap may be pushing shortage value into the energy market.

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Brakey Energy’s Ohio Energy Report delivers timely, in-depth information about Ohio’s energy environment to your inbox each month.

06/29/2026

Brakey Energy's June Ohio Energy Report is now available, featuring:



• Ohio Energy Leadership Summit Recap: The inaugural Ohio Energy Leadership Summit brought together commercial and industrial energy users, utilities, legislators, and industry professionals to discuss Ohio's evolving energy landscape.



• FirstEnergy's Proposed Data Center Tariff: FirstEnergy filed a new tariff designed to ensure infrastructure costs associated with large data centers are borne by those customers rather than other ratepayers.



• Ohio Energy Costs Remain Elevated: Growing electricity demand, data center expansion, and the need for new generation and transmission infrastructure continue to put upward pressure on energy prices.



• FirstEnergy SSO Rate Updates: Standard Service Offer generation rates will increase July 1 across Ohio Edison, The Illuminating Company, and Toledo Edison, reinforcing the value of reviewing competitive supply options.



• Residential Corner & Market Updates: Updated residential electric supply recommendations, along with the latest natural gas and electricity market trends, as forward power prices remain near multi-year highs despite softer natural gas prices.



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Brakey Energy’s Ohio Energy Report delivers timely, in-depth information about Ohio’s energy environment to your inbox each month.

06/04/2026

Brakey Energy’s OELC Summit highlights the final program agenda and over 100 registered guests. The Energy Summit is shaping up to be an exceptional networking and educational opportunity for industry leaders.

As a reminder, Brakey Energy clients receive complimentary registration to attend the Summit. If you have not yet registered and would like to participate, click the link below for more information or reach out for the registration code.

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Brakey Energy’s Ohio Energy Report delivers timely, in-depth information about Ohio’s energy environment to your inbox each month.

05/27/2026

Brakey Energy’s May Ohio Energy Report is now available, featuring:

• Summer CP Season Begins: PJM Interconnection capacity and transmission coincident peak management strategies return as customers prepare for higher summer grid loads.

• FirstEnergy Three-Year Rate Plan Filing: FirstEnergy filed its first-ever Three-Year Rate Plan with the PUCO under Ohio’s new forward-looking ratemaking framework.

• Residential Corner: Elevated generation prices persist, with updated electric and natural gas supply recommendations for residential customers.

• Natural Gas Markets: NYMEX pricing and forward gas markets remain influenced by weather forecasts, LNG expectations, and strong domestic production trends.

• Power Markets: Forward electricity prices remain volatile as markets react to summer weather outlooks, load growth projections, and capacity market uncertainty.

Read the full report:

Brakey Energy’s Ohio Energy Report delivers timely, in-depth information about Ohio’s energy environment to your inbox each month.

04/29/2026

Brakey Energy’s April Ohio Energy Report is now available, featuring:

• Ohio Energy Leadership Summit Announced: The Ohio Energy Leadership Summit takes place June 16 in Cleveland, bringing together C&I customers for insights on markets, rates, and energy strategy.

• AEP Ohio Base Rates Effective April 10: AEP Ohio implements new distribution rates following a Public Utilities Commission of Ohio order, including rider roll-ins and customer refunds.

• Ohio Supreme Court Submetering Ruling: The Ohio Supreme Court rules submetering providers are public utilities, expanding regulatory oversight and impacting landlords and C&I energy strategies.

• Residential Corner: Elevated electric prices persist; 12-month offers recommended, while short-term natural gas markets provide continued relief.

• Natural Gas Markets: NYMEX April settles at $3.095/MMBtu, with forward prices declining on strong supply, mild weather, and increased storage levels.

• Power Markets: Forward power prices remain elevated despite softer gas markets, driven by growing load forecasts and data center demand.

Read the full report:

Brakey Energy’s Ohio Energy Report delivers timely, in-depth information about Ohio’s energy environment to your inbox each month.

03/31/2026

Brakey Energy’s March Ohio Energy Report is now available, featuring:

• Ohio Senate Bill 103 Takes Effect: Ohio Senate Bill 103 introduces major changes to natural gas ratemaking, including large-load flexibility, forecasted test years, and updated PUCO timelines.

• Electric Reliability Reporting Expansion: Public Utilities Commission of Ohio requires utilities to file new circuit-level reliability reports, giving C&I customers greater visibility into outage risks and performance.

• FirstEnergy Rider NMB Updates: FirstEnergy transmission-related Rider NMB rates change April 1, with material variation across customer classes and operating companies.

• AEP Ohio BTCR Changes: AEP Ohio transmission charges increase for most customers, with higher stakes for those participating in transmission pilot programs tied to 1CP performance.

• Residential Corner: Elevated electric prices persist; short-term offers recommended, while natural gas markets provide some relief following winter volatility.

• Natural Gas Markets: NYMEX March settles at $2.969/MMBtu, down 60% month-over-month, as mild weather and strong domestic supply offset global geopolitical pressures.

• Power Markets: Forward prices remain near multi-year highs despite lower volatility, with global energy market risks continuing to influence long-term pricing.

Read the full report:

Brakey Energy’s Ohio Energy Report delivers timely, in-depth information about Ohio’s energy environment to your inbox each month.

02/26/2026

Brakey Energy’s February Ohio Energy Report is now available, featuring:

• PJM Capacity Price Cap Extension: PJM Interconnection moves to extend the $325/MW-day capacity price collar through the 2029/2030 delivery year, citing stakeholder, gubernatorial, and federal input.

• AEP Zone Winter Peak Surprise: Load in the AEP Zone exceeded 24 GW on February 2, surpassing January’s peak and potentially setting a fourth consecutive winter 1CP.

• FirstEnergy Distribution Rates Effective March 1: FirstEnergy files updated base distribution rates following the Public Utilities Commission of Ohio rehearing order, including rider adjustments and a new Customer Credit Recovery Rider.

• Residential Corner: Elevated generation pricing continues following high BRA results and January’s deep freeze; short-term electric and updated natural gas SCO recommendations discussed.

• Natural Gas Markets: NYMEX February settles at $7.460/MMBtu — up sharply month-over-month — before forward prices retreat on milder weather forecasts and LNG supply expectations.

• Power Markets: January spot power prices spike above $1,000/MWh, while forward markets stabilize amid capacity price cap extension efforts.

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PJM Pursuing Extension of Existing Capacity Price Cap Through 2029/2030 Delivery Year In a February 12 letter to stakeholders, the PJM Board of Managers (“PJM Board”) announced its intent to pursue an extension of the existing capacity price collar that applies to the 2026/2027 and 2027/2028 del...

01/30/2026

Brakey Energy’s January Ohio Energy Report is now available, featuring:

• Extreme Cold & PJM Price Volatility: A late-January polar vortex pushed PJM spot power prices above $1,100/MWh.

• AEP Zone 1CP Alerts: Prolonged subzero temperatures triggered multiple AEP Zone 1CP alerts, with January 27 setting the highest preliminary AEP load of the current CP year.

• FirstEnergy Rider NMB Filing: Proposed April 1, 2026 Rider NMB rate updates for OE, CEI, and TE customers, with increases and decreases varying by class.

• AEP Ohio BTCR Update: AEP files April 1, 2026 BTCR rate changes, including overall reductions for most non-residential customers and higher demand charges for transmission pilot participants.

• Residential Corner: Elevated generation prices persist; short-term electric and fixed-price natural gas options highlighted for customers seeking near-term certainty.

• Market Updates: Extreme natural gas and power market volatility driven by Winter Storm Fern, wellhead freeze-offs, and ongoing concerns around data center-driven load growth.

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Brakey Energy’s Ohio Energy Report delivers timely, in-depth information about Ohio’s energy environment to your inbox each month.