May’s Global Adjustment Mechanism (GAM)e Cost: $0.70 Billion

In May 2024, the GA cost was $0.70 billion. Which is a 7% increase from April 2024 GA cost of $0.65 billion.

The Class B March GA rate was $77.63/MWh ($0.078/kWh). The Average HOEP for May was $28.4/MWh ($0.028/kWh)

With these drastic monthly swings in cost, Energy@Work continues to ask “why?”. We provide a monthly review of GAM costs, however, the reason for the cost as well as the vast cost fluctuation remains unclear.

Energy@Work’s services include a “GAM coach”. We maintain the importance of a GAM Strategy for Class A and Class B in order to win the (GAM)e. Our collective savings have exceeded $10 million, and we look forward to continuing to assist.