Market status — August 2, 2026
PJMNORMAL
NYISONORMAL
ERCOTWATCH
ISO-NENORMAL
MISONORMAL
CAISONORMAL
Emergency
Elevated
Watch
Normal
PJM — Summer peak season, weekend demand moderation
- 5CP Capacity Tags: August is outside the official 5CP window (June-September calcs lock in July). Saturday demand expected well below seasonal peak; DA LMP on track for typical summer weekend range of $35–60/MWh across major hubs.
- Real-Time LMP: No significant congestion reported in Western Hub, NI Hub, or AEP-Dayton zones. Typical shoulder pricing expected.
- Demand Response: No economic or emergency DR dispatch signals identified; summer DR availability remains sufficient per recent PJM capacity procurement results.
NYISO — Summer baseline conditions, ICAP audit window
- ICAP Tag Tracking: Currently outside active ICAP qualification period. No tag events or UCAP updates expected today. Unforced Capacity audit window ongoing; no emergency flags raised.
- CBEP Program: Customer Benefit Emergency Participation program dormant; no conservation alerts issued.
- Day-Ahead Pricing: Saturday light load profile; NYC and Long Island zones tracking typical summer weekend basis spreads (±$3/MWh vs. zone average).
ERCOT — 4CP season active, weekend load reprieve
- 4CP Window (June–Sept): We are in the four-coincident-peak season. August 2 is a Saturday; typical weekend peak 5–10 GW below summer weekday record. Historical peak ~91 GW last seen July 18, 2023; forecast load today ~65–70 GW.
- ORDC Pricing: No Weather Watch, Watch, or Warning declared. Contingency reserve margins robust on weekend schedule. ORDC adders expected to remain at floor pricing ($0–10/MWh).
- Grid Status: No Conservation Alert or Emergency Alert issued. System operating in Normal mode per ERCOT dashboard baseline.
ISO-NE — Capacity market reform underway, summer load tracking normal
- FCM Tag Events: No Forward Capacity Market de-list or qualification milestones due today. ISO-NE’s recent capacity market reform proposal (shift to prompt monthly auction) is in stakeholder comment phase; no immediate rule changes in effect.
- Load Forecast: Saturday summer load forecast tracking seasonal norm; peak expected ~22–24 GW. No significant deviations from 10-year summer profile.
- Capacity Status: Recent FCA results show sufficient resource adequacy; no zone-level import/export constraints flagged.
MISO — Capacity prices stable, zonal spread normal
- Zonal Pricing: Most recent Planning Resource Auction (April 2026) cleared at $116–126/MW-day across MISO’s 10 zones, down 46% year-over-year. Real-time LMP spread between zones (2–4, 4–5, 5–6) within normal seasonal band; no active transmission congestion alerts.
- Planning Resource Adequacy: Zone 4 (Illinois) capacity margin stable. Next PRA auction scheduled for spring 2027. No shortfall indicators in current supply outlook.
- Real-Time Settlement: Day-ahead to real-time price convergence healthy (per H1 2026 market monitor report); no systemic make-whole payment spikes.
CAISO — Battery dispatch stabilizing market, no flex alert active
- Flex Alerts: No Flex Alert currently active or forecast for today. Last flex alert issued June 2024; system has not required emergency conservation call since then.
- Renewable and Battery Conditions: Summer renewable production (solar + wind) at typical levels; over 16,000 MW of battery storage online since Q4 2022 effectively absorbs afternoon ramps. No solar curtailment expected today.
- Net Qualifying Capacity (NQC): 2026 Resource Adequacy filing cycle complete. No deficiency notices; storage integration proceeding per CAISO flexible capacity needs assessment.
Cross-Market Watch — Capacity evolution and transmission integration
- Regulatory Landscape: No FERC emergency orders or NERC alerts issued in past 24 hours. ISO-NE capacity market reform (monthly prompt auction proposal) and ERCOT grid reliability initiatives remain in policy development phase; no immediate operational impact today.
- Transmission & Interchange: MISO-PJM-SPP interchange optimization studies show $40M annual potential savings (per 2026 market monitor reports). No regional transmission limitations binding today.
HOW INTELLASTAR ENERGY ANALYST CAN HELP
Today’s conditions create specific opportunities — and risks — for your organization.
ERCOT — WATCH
4CP season tracking—weekend gives way to weekday peak risk next week
Intellastar’s 4CP and ORDC tracking helps you pinpoint your exposure to peak-driven capacity obligations and anticipate price adders as load tightens during mid-week. Stay ahead of your settlement impact.
CAISO — NORMAL
Battery fleet is redefining summer reliability—and your DR strategy needs refresh
With 16,000+ MW of battery storage online, CAISO’s grid dynamics have shifted. Intellastar helps you audit your demand response position, repriced under the new generation mix, and capture savings during high-solar periods.
ISO-NE — NORMAL
Capacity market redesign is coming—now is the time to audit your position
ISO-NE’s shift to monthly prompt auctions changes your forward contracting exposure and hedging windows. Intellastar models the new rules and quantifies your risk profile before the transition takes hold.