Market status — October 1, 2026
Emergency
Elevated
Watch
Normal
PJM — Regulatory turbulence around the capacity backstop
- 5CP Capacity Tags: No peak-load or coincident peak alerts surfaced in approved sources in the last 24 hours. Of note, FERC partially rejected PJM’s reliability backstop procurement on September 29, and PJM postponed the auction that was due to start September 30. The procurement sought 6.8 GW for the 2028/29 delivery year with a $555/MW-day cap, and no new timeline has been set (Utility Dive).
- Real-Time LMP: No notable price spikes, congestion or negative pricing at Western Hub, NI Hub or AEP-Dayton were reported in approved sources today.
- Demand Response: No DR dispatch or emergency activations found. Separately, RTO Insider reports FERC approved most of the backstop plan but suspended implementation for five months while it investigates open questions, and PJM stakeholders presented governance term sheets on September 29 (RTO Insider).
NYISO — Quiet
- ICAP Tag Tracking: No UCAP tag updates or ICAP auction results found today. The Management Committee met on September 30 (RTO Insider).
- CBEP Program Alerts: No CBEP alerts or activations found.
- Day-Ahead Pricing: No notable zonal spreads reported in approved sources.
ERCOT — Past the 4CP window, no alerts found
- 4CP Season Tracking: The June to September 4CP window closed yesterday. Final 4CP intervals are posted by ERCOT on its 4CP page, so confirm your tagged intervals there.
- ORDC Pricing: No ORDC adder events or reserve shortfalls reported.
- Grid Condition Alerts: No Weather Watch, Watch, Warning, Emergency or Conservation notices found in approved sources.
ISO-NE — Transmission returns on equity in the news
- FCM Tag Events: No de-list bids or show-cause notices found today.
- Capacity Market Integration: No new FCA results or zone changes. FERC reaffirmed the reduced base ROE and refund requirements for New England transmission owners, dating back to 2011 (RTO Insider).
- Load Forecasting: No unusual peak load outlook reported for this week.
MISO — No market alerts
- Zonal Pricing: No notable LMP spreads or constraints reported for Zones 4, 5, 6 or 7.
- Planning Resource Auction: No new PRA results today. MISO’s most recent auction release described capacity for the coming year as sufficient (MISO).
- Real-Time Settlements: Nothing unusual found. Governance item: MISO hired EY-Parthenon to review market monitor oversight, and preliminary findings show disagreement (RTO Insider).
CAISO — No alerts
- Flex Alerts: No Flex Alerts or DR call-outs found.
- Renewable Curtailment: No curtailment figures reported in approved sources. Spring-style overgeneration is not typical this time of year.
- NQC Integration: No new NQC or RA deficiency notices found today.
Cross-Market Watch
- Regulatory: FERC is active on large-load and data center issues, with the PJM backstop order the headline. Key senators also presented a bipartisan permitting reform proposal on September 30 (RTO Insider).
- Data note: Real-time price and alert feeds were not available to this briefing, so NORMAL means no reported alerts, not a verified price check. Confirm live conditions on each ISO site.
HOW INTELLASTAR ENERGY ANALYST CAN HELP
Today’s conditions create specific opportunities — and risks — for your organization.
A delayed capacity backstop leaves PJM capacity costs and rules uncertain for 2028/29.
Intellastar Energy Analyst tracks PJM regulatory and capacity developments and maps them to your load. We help you see which outcomes could move your capacity costs before they reach your bill.
The 4CP window just closed, so now is the time to check how your peak response performed.
Intellastar Energy Analyst compares your load against the final 4CP intervals. We help you see what worked and plan for next summer.
Quiet markets are a good moment to review your capacity position.
Intellastar Energy Analyst helps you audit capacity exposure and demand response enrollment while conditions are calm. That way you are ready before the next auction or peak season.