Keel Infrastructure says PJM scarcity pricing hits as Dominion real-time power tops $1,500/MWh

Keel Infrastructure Corp.

Keel Infrastructure Corp.

KEEL

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  • Keel Infrastructure analysis flagged PJM’s rapid shift from policy to real-time scarcity pricing during the June 29–July 5, 2026 period.
  • PJM advanced a Reliability Backstop Procurement package on June 30 with about 75% sector-weighted support, setting a $555/MW-day cap.
  • The same week, a July 4 heat dome drove PJM beyond its 165.5 GW peak record, pending final confirmation in 60 days.
  • Real-time power prices in PJM’s Dominion zone topped $1,500/MWh as data-center load tightened system conditions.
  • DOE issued emergency orders requiring data centers to run backup generation, bringing behind-the-meter assets into the reliability response.


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