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US Power Update: US Wholesale Power Prices Mostly Higher; SPP Intraday LMP Hits $1,910.34/MWh

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US wholesale electricity markets were mostly higher Monday afternoon, with Southwest Power Pool's intraday high touching $1,910.34 per megawatt-hour, according to data from GridStatus.io.

Electric Reliability Council of Texas' real-time locational marginal price stood at $38.55/MWh at 4 p.m. ET. Net load was 48.33 gigawatts, with natural gas making up the largest share of the generation mix at 38.5%.

California Independent System Operator's real-time LMP came in at $23.75/MWh at 4 p.m. ET. Net load was 0.9 GW, while solar led the generation mix at 60.5%.

SPP's real-time LMP reached $51.43/MWh at 4 p.m. ET. Net load totaled 46.38 GW, with natural gas comprising the largest portion of the generation mix at 42.1%. Prices climbed to an intraday peak of $1,910.34/MWh at 2:40 p.m. ET.

PJM's real-time LMP was $33.81/MWh at 4 p.m. ET. Net load stood at 122.42 GW, while gas represented the largest share of the generation mix at 44.9%.

Midcontinent Independent System Operator's real-time LMP came to $42.46/MWh at 4 p.m. ET. Net load was 93.75 GW, with natural gas supplying the largest share of the generation mix at 35.3%.

New York Independent System Operator's real-time LMP stood at $43.42/MWh at 4 p.m. ET. Net load reached 20.75 GW, with dual fuel accounting for the biggest portion of the generation mix at 31.4%.

ISO New England's real-time LMP was $43.79/MWh at 4 p.m. ET. Net load came in at 13.87 GW, with natural gas making up the largest share of the generation mix at 53%. The market reached an intraday high of $98.13/MWh at 2:05 p.m. ET.

Ontario's Independent Electricity System Operator's real-time LMP reached $49.07/MWh at 4 p.m. ET. Net load was 18.94 GW at 3:55 p.m. ET, with nuclear providing the largest share of the generation mix at 44.6%. Prices touched an intraday peak of $123.63/MWh at 1:55 p.m. ET.

The National Weather Service's Climate Prediction Center forecasts temperatures to remain above normal across much of the central and eastern US from Sep. 8 to Sep. 14, with near-normal readings across parts of the West.

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