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Covering the new frontiers of the energy transition
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North American PPA Market Report: July 2026

This monthly report provides the most complete coverage of the North American power purchase agreement (PPA) market available, combining Platts price assessments, market commentary, and news with PPA price forecasts and analysis from S&P Global Energy Horizons.

Here are some highlights from the July edition: 

Basis risk and tariff concerns drive U.S. PPA prices

  • Developers reprice basis risk as congestion widens node-to-hub spreads.
  • Section 232 tariff uncertainty pushes buyers toward renegotiation rights.

The solar paradox, strong demand, weak capture, and pricing tensions in ERCOT

  • Solar contracting rebounded strongly in 2026, while hybrid and firm clean structures reshape the PPA market.
  • PPA activity is pushing a more fragmented and opportunity-driven market.
  • ERCOT pricing creates a near-term spread opportunity.

S&P Global Energy’s daily PPA price assessments (currently covering the ERCOT and PJM sectors) draw on data from diverse sources, including exclusive access to real-time bid, offer, and trade data from Resurety’s CleanTrade, the first and only CFTC-registered transaction platform for as-generated clean energy.

Download this edition and bring clarity to your clean energy strategies with transparent pricing and unique insights for North American PPA markets.