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US Power Update: Power Markets Mostly Higher as Natural Gas Leads Generation Mix

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US wholesale electricity markets were mostly higher Thursday afternoon, with natural gas leading the generation mix across six of the eight markets, according to data from GridStatus.io.

Electric Reliability Council of Texas' real-time locational marginal price stood at $23.20 per megawatt-hour at 4 p.m. ET. Net load was 51.61 gigawatts, with natural gas making up the largest share of the generation mix at 41.8%.

California Independent System Operator's real-time LMP came to $108.83/MWh at 4 p.m. ET. Net load stood at 22.8 GW, with natural gas representing the largest share of the generation mix at 46.5%. Prices climbed to an intraday high of $123.89/MWh at 3:55 p.m. ET.

Southwest Power Pool's real-time LMP was $39.30/MWh at 4 p.m. ET. Net load reached 47.43 GW, while natural gas held the largest portion of the generation mix at 47.7%. Prices reached an intraday high of $238.03/MWh at 10:20 a.m. ET.

PJM Interconnection's real-time LMP stood at $43.86/MWh at 4 p.m. ET. Net load came to 118.43 GW, with natural gas providing the largest share of the generation mix at 46%. Prices rose to an intraday high of $258.55/MWh at 4:40 p.m. ET.

Midcontinent ISO's real-time LMP was $35.63/MWh at 4 p.m. ET. Net load reached 84.2 GW, with natural gas accounting for the largest portion of the generation mix at 33.5%. Prices hit an intraday high of $133.19/MWh at 7:15 a.m. ET.

New York ISO's real-time LMP came to $42.10/MWh at 4 p.m. ET. Net load stood at 20.07 GW, with dual-fuel sources accounting for the largest share of the generation mix at 28.9%.

ISO New England's real-time LMP was $68.08/MWh at 4 p.m. ET. Net load totaled 15.55 GW, with natural gas supplying the largest share of the generation mix at 56.8%.

Independent Electricity System Operator's real-time LMP stood at $49.61/MWh at 4 p.m. ET. Net load was 19.04 GW at 3:55 p.m. ET, with nuclear accounting for the largest share of the generation mix at 38.2%. Prices rose to an intraday high of $121.44/MWh at 8:50 a.m. ET.

The National Weather Service's Climate Prediction Center forecasts above-normal temperatures across much of the central and eastern US from Sep. 4 to Sep. 10, with below-normal to near-normal readings across much of the West.

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