PJM Capacity Prices Expected to Surge, Benefiting Constellation Energy

PJM capacity prices could jump 157% in next auction: Morgan Stanley

Morgan Stanley analysts predict that PJM's capacity prices for the 2026/27 delivery year auction could soar by 157% to $695/MW-day. This significant increase is expected to financially benefit power plant-owning companies, including Constellation Energy. The upcoming auction's demand curve suggests a considerable financial impact on electricity consumers, with residential bills projected to rise by 20% in the 2025/26 delivery year. PJM's forecast indicates a peak load increase and a higher acquisition target for the December auction, highlighting the tight supply-demand conditions in the market.

Constellation Software Inc.

Constellation Software is an international provider of market-leading software and services, specializing in acquiring, managing, and building industry-specific software businesses that develop mission-critical solutions for their customers.

Constellation Software is an international provider of market leading software and services to a select number of industries, both in the public and private sectors. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries.

Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong group of companies with a large, diverse customer base.

We have six operating groups which manage hundreds of individual businesses.  Our businesses have offices globally that service customers in over 30 different markets worldwide,  We are headquartered in Toronto, Canada.

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Constellation Software Inc., together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and rest of Europe. Its industry specific software businesses provide specialized and mission-critical software solutions. The company serves public and private sector markets. Constellation Software Inc. was incorporated in 1995 and is headquartered in Toronto, Canada.

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Constellation Software Inc.

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