Commodities
US Power Update: Prices Show Wide Regional Swings, With MISO Prices Above $1,200/MWh
US electricity markets saw wide price swings, with locational marginal prices varying sharply across regions as power demand shifted.PJM Interconnection led the markets at 5 p.m. ET with a locational marginal price of $129.57 per megawatt-hour, compared with $23.99/MWh for the Midcontinent Independent System Operator, which posted the lowest price at that hour.For intraday peaks, MISO reached $1,255.34/MWh at 1:05 a.m. ET, while the Southwest Power Pool recorded the lowest LMP at $2.09/MWh at 4:10 a.m. ET.The National Weather Service's Climate Prediction Center forecasts above-normal temperatures across most of the US from Sept. 26-Oct. 2, with near-normal readings in parts of the West, South, and the Northeast.