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US Power Update: Wholesale Markets Mixed as Natural Gas Leads Generation Across Several ISOs

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US wholesale electricity markets were mixed Thursday afternoon, with New York Independent System Operator's intraday prices reaching as high as $261.07 per megawatt-hour, according to data from GridStatus.io.

Electric Reliability Council of Texas' real-time locational marginal price was $23.13/MWh at 4 p.m. ET. Net load stood at 39.15 gigawatts, with solar accounting for the largest share of the generation mix at 36.3%.

California Independent System Operator's real-time LMP was $16.84/MWh at 4 p.m. ET. Net load reached 3.06 GW, with solar accounting for the largest share of the generation mix at 56%.

Southwest Power Pool's real-time LMP was $42.22/MWh at 4 p.m. ET. Net load stood at 41.79 GW, with natural gas accounting for the largest share of the generation mix at 36%. Prices climbed to an intraday high of $235.39/MWh at 3:10 p.m. ET.

PJM Interconnection's real-time LMP was $81.21/MWh at 4 p.m. ET. Net load reached 121.63 GW, with gas accounting for the largest share of the generation mix at 43%. Prices reached an intraday peak of $259.92/MWh at 3:40 p.m. ET.

Midcontinent Independent System Operator's real-time LMP was $61.74/MWh at 4 p.m. ET. Net load stood at 93.82 GW, with natural gas accounting for the largest share of the generation mix at 36.9%. Prices surged to an intraday high of $196.51/MWh at 4:40 p.m. ET.

NYISO's real-time LMP was $53.54/MWh at 4 p.m. ET. Net load reached 23.04 GW, with dual-fuel accounting for the largest share of the generation mix at 35.8%. Prices peaked at $261.07/MWh at 3:45 p.m. ET.

ISO New England's real-time LMP was $95.82/MWh at 4 p.m. ET. Net load stood at 16.02 GW, with natural gas accounting for the largest share of the generation mix at 51.1%.

Independent Electricity System Operator's real-time LMP was $69.25/MWh at 4 p.m. ET. Net load stood at 20.97 GW, with nuclear accounting for the largest share of the generation mix at 40.8% at 3:55 p.m. ET.

The National Weather Service's Climate Prediction Center forecasts temperatures to stay above normal across most of the country from Aug. 21-27.

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