Archive
Analysis of electricity markets, capacity pricing, grid economics, and market structure in power systems.
Topics
Topic pages create a stronger internal link graph and help readers move from broad themes into the relevant stories.
Topic hubs
These hubs concentrate internal links around the themes most likely to earn repeat visits and long-tail discovery.
Stablecoins & Payments
A reading hub on stablecoin rails, payment networks, treasury workflows, and the compliance layer that now decides who captures the margin.
Agents & Governance
A reading hub on MCP, enterprise deployment, autonomous coding, evals, and the safety layer that keeps agent systems usable in production.
Power Markets & Data Centres
A reading hub on PJM capacity pricing, data-centre load growth, dedicated generation, and the macro effects of energy shocks.
Story index
4 stories
The grid is no longer just delivering power. It has to pre-commit firm supply years ahead while AI load keeps compounding.
Spot prices tell you what electricity costs now. Capacity prices tell you what it costs to guarantee it will still be there when the grid is stressed.
The question is no longer just how much firm capacity PJM needs. It is whether the new load that creates the need should pay for it directly.
With U.S. gas prices above $4 and crude back above $100, the market is treating energy as a regime variable again - not a sector detail.