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US Power Update: Electricity Markets Mostly Higher, Gas Dominates Generation Mix

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US electricity markets were mostly higher Tuesday afternoon, with ISO New England's intraday prices peaking at $263.02 per megawatt-hour, according to data from GridStatus.io.

Electric Reliability Council of Texas' real-time locational marginal price stood at $26.78/MWh at 4 p.m. ET. Net load was 49.48 gigawatts, with natural gas leading the generation mix at 40.3%.

California Independent System Operator's real-time LMP came in at $56.94/MWh at 4 p.m. ET. Net load totaled 10.43 GW, with solar leading at 55.7%. The intraday high reached $86.15/MWh at 4:55 p.m. ET.

Southwest Power Pool's real-time LMP was $18.23/MWh at 4 p.m. ET. Net load stood at 39.81 GW, while natural gas accounted for 37.3% of the generation mix.

PJM's real-time LMP was $29.03/MWh at 4 p.m. ET. Net load stood at 87.14 GW at 12 p.m. ET, with gas leading the mix at 41.1%.

Midcontinent ISO's real-time LMP came to $32.29/MWh at 4 p.m. ET. Net load was 78.23 GW, with coal accounting for 31.2% of the generation mix.

New York ISO's real-time LMP reached $45.87/MWh at 4 p.m. ET. Net load totaled 18.73 GW, with dual fuel making up 33.2% of the mix.

ISO NE's real-time LMP stood at $49.55/MWh at 4 p.m. ET. Net load came to 13.52 GW, with natural gas supplying 48.6% of generation. Prices reached an intraday high of $263.02/MWh at 1:50 a.m. ET.

Independent Electricity System Operator's real-time LMP was $42.50/MWh at 4 p.m. ET. Net load was 18.25 GW at 3:55 p.m. ET, with nuclear accounting for 40.6% of the mix.

The National Weather Service's Climate Prediction Center forecasts temperatures to stay above normal across much of the central and eastern US from Sept. 2-8, with near-normal readings across the West.

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