We are excited to announce our revamped off-the-shelf electricity market price forecasts, available for every North American market. These fundamental forecasts encompass E3’s view for how policies, regulations, technologies, economics, and customer demand will evolve to drive new resource additions, retirements, and market prices through 2050 and beyond. There’s an interdisciplinary, senior-level team behind each forecast, and in this year alone we’ve invested many months, millions of dollars of internal development effort, and over ten thousand hours of analysis to significantly improve and expand our forecast offerings. Most markets across North America are experiencing unprecedented change and uncertainty, which is why we believe the need for fundamental and holistic forecasts has never been more acute.
Conditions have changed significantly since last year’s update: major data center growth, manufacturing policies, progress and setbacks toward climate goals, and much more; these factors are taken into account in our pricing views. We show all inputs and assumptions, so you understand exactly what is underpinning the future view, and we consider each market on its own terms, looking at its specific idiosyncrasies and reflecting the latest market designs. Find snapshots of each market,1 including key trends, here: CAISO | Pacific NW | Southwest | ERCOT | SPP | MISO | PJM | NYISO | ISO-NE | Alberta
Forecasts include day-ahead and real time energy, ancillary services, resource adequacy, and renewable energy credit prices. We use our highly customized PLEXOS™ production cost model (E3 has a unique strategic partnership with Energy Exemplar, the developer of PLEXOS™), which is paired with over ten of our in-house toolkits for new resource costs, end use load shapes such as for electric vehicles, adoption levels for behind-the-meter resources, reliability and capacity accreditation analysis, battery dispatch, post processing of results to account for scarcity and other real world market behavior, and many others. Our forecasts are available off-the-shelf, but we often further support clients with customized cases, nodal forecasts, and custom transaction or advisory support. In addition, we have a robust analytical ecosystem and experience with forecasting distributed energy resource level price streams, like programs and retail rates that span the US.
Watch a 7-minute explainer from Director Nate Miller here:
To purchase and learn more, visit us here. Any questions, email us at marketprices@ethree.com.
- Forecasts for the Rocky Mountain and SERC regions are available upon request for specific utility service areas. Pacific Northwest and Southwest forecasts are anchored around forecasted day-ahead hourly energy prices at Mid-C and Palo Verde trading hubs. ↩︎
