A Capacity Boom – or Bubble? Finding Stable Returns in an Unstable Power Market

Synopsis

Capacity prices are surging, but will the upside last? Investors face a market caught between demand growth, affordability constraints, and evolving RTO rules that collectively blur the line between windfall and risk. This presentation explores how sustained load growth, residential electrification, and market reform are complicating capacity markets and the risks/opportunities that the new market dynamics create.