Market status — September 29, 2026
Emergency
Elevated
Watch
Normal
PJM — Quiet after mid-month emergency actions; no new alerts found
- 5CP Capacity Tags: No same-day 5CP signal was published in approved sources. The most recent stress event on record was Sept. 17, when PJM forecast a peak near 132,000 MW and issued a Maximum Generation/Load Management Alert, per its operations update.
- Real-Time LMP: No notable price spike, congestion or negative pricing reports surfaced for Western Hub, NI Hub or AEP-Dayton in the last 24 hours.
- Demand Response: On Sept. 17 PJM called Pre-Emergency DR in all zones except ComEd and Mid-Atlantic, plus Emergency DR in BGE, PepCo and Dominion, and received a DOE emergency order through Sept. 18 (PJM). No new dispatch was found today. Capacity prices remain a live theme after the auction hit its cap, per Utility Dive.
NYISO — No notable signals
- ICAP Tag Tracking: No UCAP tag or auction result news found. Check the ICAP event calendar for upcoming deadlines.
- CBEP Program Alerts: No CBEP alerts or activations reported.
- Day-Ahead Pricing: No unusual zone spreads reported for NYC, Long Island or Capital.
ERCOT — Final days of the 4CP window; no alerts confirmed
- 4CP Season Tracking: The June to September window closes tomorrow, September 30. Any remaining 4CP risk is low with fall load, and final intervals are posted on ERCOT’s 4CP page.
- ORDC Pricing: No ORDC adder or reserve shortfall reports found.
- Grid Condition Alerts: No Weather Watch, Watch, Warning, Emergency or Conservation notice was confirmed. The live grid conditions dashboard did not return a current reading to this briefing.
ISO-NE — Comfortable margin, mild weather
- FCM Tag Events: No de-list or show-cause notices found.
- Capacity Market Integration: Nothing new on FCA results or zone changes. A July 20 FERC informational report on resource adequacy and large loads is on file at ISO-NE.
- Load Forecasting: The Sept. 28 morning report forecast a 14,500 MW peak against 20,222 MW available, a surplus of 3,680 MW, with rain and upper 50s temperatures (ISO-NE).
MISO — No notable signals
- Zonal Pricing: No congestion or zone spread reports found for Zones 4, 5, 6 or 7.
- Planning Resource Auction: MISO’s 2026 auction was described as showing sufficient capacity for the coming year. No new Zone 4 concern surfaced today.
- Real-Time Settlements: Nothing unusual found in RT settlements or make-whole payments.
CAISO — No notable signals
- Flex Alerts: No Flex Alert or call-out found for today.
- Renewable Curtailment: No unusual curtailment reported. Daily volumes are on the CAISO curtailment page.
- NQC Integration: No new NQC or RA deficiency notice found. The 2026 values are on the CAISO notice.
Cross-Market Watch
- Regulatory: FERC’s July 16 order directs NERC to file mandatory reliability standards for data centers and other computational loads by December 31, 2026, per POWER.
- Coverage note: Approved sources returned little dated within the last 24 hours. Statuses reflect the latest confirmed information and should be checked against live ISO dashboards.
HOW INTELLASTAR ENERGY ANALYST CAN HELP
Today’s conditions create specific opportunities — and risks — for your organization.
Mid-month emergency demand response shows how fast PJM peaks can tighten your costs.
Intellastar Energy Analyst tracks PJM load forecasts against likely 5CP hours so you can plan reductions before an alert lands. It also flags demand response events so your team can respond in time.
The 4CP window closes tomorrow, so now is the time to confirm what your tags will cost next year.
Intellastar Energy Analyst helps you review your 4CP intervals and see how your load lined up with them. It also helps you plan curtailment strategy for next summer.
Calm markets are the right time to check your capacity position before the next season.
Intellastar Energy Analyst helps you audit your capacity obligations and demand response enrollment while prices are quiet. That gives you time to prepare for the next auction cycle.