April 2026 regulation prices ran 3.4× above April 2025 following PJM's October 2025 Regulation market redesign

Prices, left axis · Requirement, right axis
Prices ($/MWh)
Requirement (MW)
April 2026
April 2025
Source: Modo Energy, PJM Dataminer
Note: Prices represent averages for each 5-minute interval over the corresponding month(s). October 2025's Regulation redesign replaced Reg A and Reg D with a single unified signal and retired Reg D's higher mileage multiplier, lifting clearing prices structurally.
MODOENERGY