Platts Launches 1st-of-type Power Purchase Agreement Price Assessments - Powered by REsurety's CleanTrade -- for North American Renewable Power Markets and New Monthly S&P Global Energy North American PPA Report

Rhea-AI Summary

S&P Global Energy (NYSE: SPGI) launched first-of-kind daily Power Purchase Agreement (PPA) price assessments for North American renewable power markets and a new monthly North American PPA Report on March 3, 2026.

The launch includes nine daily ERCOT-focused PPA indices, combines REsurety CleanTrade transaction data with S&P Global Energy Horizons forecasts, and follows expanded data access agreed in October 2025.

Positive

• Launched 9 daily ERCOT PPA price assessments
• Exclusive access to REsurety CleanTrade transaction data
• Combines daily assessments with monthly forecasts from Horizons team

Negative

• Initial coverage limited to ERCOT north, south and west hubs
• Concentrated reliance on a single data source: REsurety CleanTrade

News Market Reaction – SPGI

+0.21%

1 alert

+0.21% News Effect

On the day this news was published, SPGI gained 0.21%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

New PPA indices: 9 daily price assessments ERCOT hubs covered: 3 hubs Collaboration start: September 2023 +1 more

4 metrics

New PPA indices 9 daily price assessments Solar and wind PPAs across ERCOT hubs

ERCOT hubs covered 3 hubs North, South and West ERCOT hubs

Collaboration start September 2023 Initial data-licensing agreement with REsurety

Collaboration expansion October 2025 Expanded access to REsurety CleanTrade platform

Market Reality Check

Price: $445.50 Vol: Volume 2,823,067 is below...

low vol

$445.50 Last Close

Volume Volume 2,823,067 is below 20-day average of 4,221,416, suggesting limited pre-news activity. low

Technical Shares at 443.08, trading below 200-day MA of 508.54, indicating a weaker intermediate trend.

Peers on Argus

Peers showed mixed moves: MCO -0.72%, ICE -0.29%, while CME +1.36%, MSCI +1.92%,...

Peers showed mixed moves: MCO -0.72%, ICE -0.29%, while CME +1.36%, MSCI +1.92%, NDAQ +2.48%. SPGI’s slight gain of 0.27% appears stock-specific rather than part of a uniform sector swing.

Common Catalyst Same-day peer headlines focus on futures/volume records and index-related acquisitions, consistent with broader data and exchange product development activity.

Historical Context

5 past events · Latest: Mar 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 02	Usage milestone	Positive	+0.3%	CARFAX recall search surpassed 10 billion checks and 30 million repairs.
Feb 26	Conference program update	Positive	+3.3%	CERAWeek agenda boosted by U.S. Energy Secretary’s planned plenary address.
Feb 24	Housing index data	Positive	+3.3%	Case-Shiller indices reported continued, though modest, year-over-year home price gains.
Feb 23	New debt indices	Positive	-3.0%	Launch of S&P Lincoln Senior Debt Indices for U.S. and European private loans.
Feb 20	Investor conference	Positive	+0.2%	Executive fireside chat and investor meetings at Raymond James conference.

Pattern Detected

Recent product and conference announcements have often coincided with modestly positive reactions, though one index launch saw a negative move, indicating occasionally mixed responses to new offerings.

Recent Company History

Over the past weeks, SPGI has highlighted several initiatives expanding its data and index ecosystem. On Feb 20, leadership presented at a major investor conference. Subsequent releases covered new private loan benchmarks on Feb 23, housing index updates on Feb 24, CERAWeek programming on Feb 26, and a CARFAX usage milestone on Mar 2. Today’s launch of North American renewable PPA price assessments and a monthly PPA report extends this pattern of product innovation in energy and credit-related analytics.

Market Pulse Summary

This announcement highlights SPGI’s expansion into North American renewable power with daily Platts ...

Analysis

This announcement highlights SPGI’s expansion into North American renewable power with daily Platts PPA price assessments and a new monthly PPA report, built on REsurety’s CleanTrade transaction data. It extends existing offerings like European PPA and REC assessments into ERCOT’s North, South, and West hubs. Investors may track adoption by clean energy buyers and financiers, integration with existing analytics, and how these benchmark tools support transparency in long-term decarbonization and power procurement strategies.

Key Terms

power purchase agreement, ppa, renewable energy certificate, emissions-adjusted, +3 more

7 terms

power purchase agreement financial

"launched first-of-kind daily Power Purchase Agreement (PPA) price assessments"

A power purchase agreement (PPA) is a long-term contract in which a buyer agrees to purchase electricity from a generator at an agreed price and schedule, similar to a multi-year subscription for power or a long-term lease of an energy source. Investors care because PPAs provide predictable revenue and cash flow for the generator, reduce market-price exposure, and shift credit and performance risk to the buyer, all of which affect valuation, financing and perceived investment stability.

ppa financial

"Platts North American renewable PPA price assessments, made possible through collaboration"

A PPA (Power Purchase Agreement) is a long-term contract in which a buyer agrees to purchase electricity from a specific generator at agreed prices and terms. Think of it like a multi-year subscription for power that locks in supply and cost, giving the seller steady revenue and the buyer predictable energy costs. Investors care because PPAs reduce revenue uncertainty, help projects get financed, and shift exposure to energy price or supply risks, affecting a company’s cash flow and valuation.

renewable energy certificate financial

"Platts US Renewable Energy Certificate (REC) price assessments"

A renewable energy certificate (REC) is a tradable proof that one unit of electricity was generated from a renewable source, sold separately from the physical power itself. For investors it matters because RECs create a market for clean energy, influence companies’ reported sustainability performance, add a potential revenue or cost line, and can affect future regulatory exposure and demand for related assets—think of a REC as the “green receipt” that travels independently from the electricity.

emissions-adjusted technical

"price assessments for Emissions-Adjusted (EA) Renewable Energy Certificates (RECs)"

A company metric or financial figure that has been modified to account for greenhouse gas emissions tied to its operations, products or supply chain. Investors use emissions-adjusted figures to compare firms on a consistent basis, factor environmental impact into valuation or risk models, and anticipate costs from regulation, carbon pricing or changing customer preferences — think of it like comparing the fuel-efficiency of cars after accounting for how much gas each one actually uses.

locational marginal emissions technical

"use of REsurety's high granularity emissions impact data, Locational Marginal Emissions (LMEs)"

Locational marginal emissions measure the extra pollution released into the air when one more unit of electricity is used or produced at a specific point on the power grid and at a particular time. Like asking how much extra smoke a single additional car adds to a crowded street versus a clear road, this helps investors compare the real carbon impact of electricity at different places and times, informing decisions on cleaner projects, carbon exposure and regulatory risk.

swap execution facility financial

"registered with the Commodity Futures Trading Commission (CFTC) to operate a Swap Execution Facility (SEF)"

A Swap Execution Facility is a special online platform where people and companies can buy and sell swap agreements, which are contracts to exchange financial benefits or risks. It helps ensure these trades happen fairly and transparently, making financial markets safer and more organized—kind of like an auction site for financial contracts.

commodity futures trading commission regulatory

"registered with the Commodity Futures Trading Commission (CFTC) to operate a Swap Execution Facility"

A U.S. federal agency that oversees trading in futures, options and swap contracts—agreements to buy or sell assets at a later date. It writes and enforces rules, monitors markets for fraud and manipulation, and requires reporting so prices reflect real supply and demand. Think of it as a referee and rulebook keeper for complex financial markets: its oversight helps investors trust market prices and reduces the risk of abrupt disruptions.

AI-generated analysis. Not financial advice.

Enhances Transparency as PPA Use Expands Amid Rising Clean Energy Demand, Rising Power Needs, and Policy Uncertainty

NEW YORK and HOUSTON and BOSTON, March 3, 2026 /PRNewswire/ -- S&P Global Energy, the leading independent provider of information, analytics and benchmark prices for the commodities, energy, and energy expansion and transition markets, announced it has launched first-of-kind daily Power Purchase Agreement (PPA) price assessments for North American renewable power markets and an accompanying monthly S&P Global Energy North American PPA Report.

The transparent Platts North American renewable PPA price assessments, made possible through collaboration with clean energy data-driven solutions and marketplace provider REsurety and exclusive access to real-time transaction data from its CleanTrade platform, are published daily and will be combined with forward-looking supply, demand and price forecasts from the analysts of the S&P Global Energy Horizons team to form the new monthly report in support of cleaner, smarter buying and selling in the clean energy marketplace.

The new independent PPA price assessments will augment Platts' pre-existing suites of power market price assessments that support clean energy strategies, including Platts European PPA price assessments, Platts US power forward curves and Platts US Renewable Energy Certificate (REC) price assessments.

"We're pleased to announce these new Platts Power Purchase Agreement price assessments that are powered in part by the transactions data on REsurety's CleanTrade platform," said Brian Casey, Head of Platts Markets Strategy & Partnerships, S&P Global Energy. "We welcome the opportunity to not only daily deliver transparent price insights, but to package the price assessments with bigger picture, forward-looking essential intelligence to better enable critical decisions by our clients and the marketplace in a rapidly evolving landscape."

This launch of new price assessments and new monthly report comes at a time of rapidly shifting policies, growing power demand, and growing clean energy capacity, all of which are contributing to widely fluctuating prices across regions and technologies. Power Purchase Agreements increasingly are turned to by buyers and sellers as a key means of managing risk.

The launch includes nine new daily price assessments that reflect the value of short- and long-term power purchase agreements in solar and wind, for the north, south and west hubs of the Electric Reliability Council of Texas (ERCOT) power system. The assessments reflect Platts' established methodology and editorial price assessment processes that are informed by bids, offers, and trades observed in the market, including the PPA transactional data from REsurety's CleanTrade platform, which supports real-time data collection and greater transparency in clean energy markets.  CleanTrade is the only transaction platform that has been registered with the Commodity Futures Trading Commission (CFTC) to operate a Swap Execution Facility (SEF) for as-generated clean energy in the US, underscoring its reliability and robust framework as a mark of trust in the clean energy sector.

The new price assessments are as follows: 

• Platts ERCOT North Hub Solar Long-Term As-Generated PPA Index
• Platts ERCOT North Hub Solar Short-Term As-Generated PPA Index
• Platts ERCOT North Hub Wind Short-Term As-Generated PPA Index
• Platts ERCOT South Hub Solar Long-Term As-Generated PPA Index
• Platts ERCOT South Hub Solar Short-Term As-Generated PPA Index
• Platts ERCOT South Hub Wind Short-Term As-Generated PPA Index
• Platts ERCOT West Hub Solar Long-Term As-Generated PPA Index
• Platts ERCOT West Hub Solar Short-Term As-Generated PPA Index
• Platts ERCOT West Hub Wind Short-Term As-Generated PPA Index

Clean energy buyers, sellers, developers, producers, financiers and other market players can benefit from transparent PPA pricing data to better understand investments, assess the viability of projects, negotiate competitive contracts, and better plan effective and resilient decarbonization strategies.

S&P Global Energy and REsurety first entered a data-licensing and collaboration agreement in September 2023, which produced the launch of first-of-kind price assessments for Emissions-Adjusted (EA) Renewable Energy Certificates (RECs), which incorporated use of REsurety's high granularity emissions impact data, Locational Marginal Emissions (LMEs), to measure the hourly carbon emissions impact associated with the hourly generation of RECs from individual renewable power plants in the United States, beginning with ERCOT.  The data licensing and collaboration agreement was expanded in October 2025, including exclusive access to REsurety's CleanTrade transactions platform to explore development of spot market price assessments for PPAs and other clean energy instruments.

REsurety is the leading provider of data, software, and services to the clean energy economy, and operates the only transactional marketplace for clean power. Trusted by the industry's leading buyers, sellers, and investors, REsurety's proprietary data models, powerful technology platforms, and deep domain expertise empower confident, impactful decision-making and efficient, effective portfolio management.

For more information on the new North America power purchase agreement price assessments or the new monthly S&P Global Energy North American PPA Report, access the Frequently Asked Questions (FAQ) document and/or visit this link. 

Media Contacts   
Americas/EMEA: Kathleen Tanzy + 1 917-331-4607, kathleen.tanzy@spglobal.com  
Asia/EMEA: Melissa Tan + 65-6597-6241, melissa.tan@spglobal.com  

About S&P Global Energy
At S&P Global Energy (formerly S&P Global Commodity Insights), our comprehensive view of global energy and commodities markets enables our customers to make superior decisions and create long-term, sustainable value. Our four core capabilities are: Platts for pricing and news; CERA for research and advisory; Horizons for energy expansion and sustainability solutions; and Events for industry collaboration.

S&P Global Energy is a division of S&P Global (NYSE: SPGI). S&P Global enables businesses, governments, and individuals with trusted data, expertise, and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive economically in a rapidly changing global landscape. Learn more at www.spglobal.com/energy. 

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SOURCE S&P Global Energy

FAQ

What did S&P Global Energy (SPGI) announce on March 3, 2026 about PPA price assessments?

S&P Global Energy launched daily PPA price assessments and a new monthly PPA report on March 3, 2026. According to S&P Global Energy, the assessments use REsurety CleanTrade transaction data and Horizons team forecasts to provide transparent PPA pricing.

Which PPA indices did S&P Global Energy (SPGI) introduce in the March 3, 2026 launch?

The launch introduced nine ERCOT-focused PPA indices covering solar and wind, short- and long-term as-generated contracts. According to S&P Global Energy, indices span ERCOT north, south, and west hubs for solar and wind PPAs.

How will S&P Global Energy's (SPGI) new PPA assessments use REsurety data?

The assessments incorporate transactional data from REsurety's CleanTrade platform to inform daily price observations. According to S&P Global Energy, CleanTrade provides real-time trade data and supports transparency in as-generated PPA pricing.

Will S&P Global Energy's (SPGI) PPA coverage extend beyond ERCOT immediately?

Initial coverage is focused on ERCOT hubs (north, south, west) and does not list broader markets at launch. According to S&P Global Energy, the daily assessments and monthly report currently concentrate on ERCOT solar and wind PPA indices.

What practical benefits do the new SPGI PPA price assessments offer investors and market participants?

They provide transparent daily pricing and monthly forecasts to aid contracting, valuation, and risk management decisions. According to S&P Global Energy, combining transaction-level data with analyst forecasts supports cleaner, smarter buying and selling.