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US Power Update: PJM Hits $543.30/MWh Intraday Peak as Gas Leads Generation

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US power prices varied widely across major markets at 4 p.m. ET, with PJM posting the highest price at $91.48 per megawatt-hour and an intraday peak of $543.30/MWh, according to data from GridStatus.io.

Electric Reliability Council of Texas' real-time LMP stood at $28.13/MWh at 4 p.m. ET. Net load was 48.33 GW, with natural gas making up the largest share of generation at 38.5%.

California Independent System Operator's real-time LMP came in at $37.09/MWh at 4 p.m. ET. Net load totaled 8.56 GW, while solar led the generation mix at 55.3%. The session's intraday peak reached $100.02/MWh at 6:50 a.m. ET.

Southwest Power Pool's real-time LMP reached $37.65/MWh at 4 p.m. ET. Net load stood at 48.08 GW, with natural gas accounting for the largest share of generation at 44.6%.

PJM's real-time LMP was $91.48/MWh at 4 p.m. ET. Net load totaled 116.95 GW, with gas accounting for the largest share of the generation mix at 47.1%. Prices surged to an intraday high of $543.30/MWh at 8 a.m. ET.

Midcontinent Independent System Operator's real-time LMP came to $33.91/MWh at 4 p.m. ET. Net load was 82.83 GW, with natural gas contributing the largest share at 33.7%.

New York Independent System Operator's real-time LMP stood at $59.65/MWh at 4 p.m. ET. Net load reached 21.92 GW, while dual-fuel sources accounted for the largest share of generation at 32.7%. Prices climbed to $107.42/MWh at 2:35 p.m. ET.

ISO New England's real-time LMP climbed to $125.10/MWh at 4 p.m. ET. Net load totaled 18.1 GW, with natural gas leading the generation mix at 61.1%. An intraday high of $304.37/MWh was recorded at 1:05 p.m. ET.

Independent Electricity System Operator's real-time LMP was $35.99/MWh at 4 p.m. ET. Net load was 18.02 GW at 3:55 p.m. ET, when nuclear supplied the largest share of generation at 42%.

The National Weather Service's Climate Prediction Center forecasts above-normal temperatures across much of the West and South from Aug. 28-Sept. 3, with near-normal temperatures in parts of the West and near-normal to below-normal readings across the Northeast.

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