Overview
- PJM reported temporary spot power prices near $3,000 per megawatt-hour Saturday morning after trading below $200 earlier.
- MISO directed generators to run at maximum and curtailed exports to prevent capacity shortfalls as some units struggled in the deep freeze.
- ISO New England increased oil-fired output to about 26% to conserve natural gas, with regional spot prices exceeding $300 per megawatt-hour.
- Operators and pipeline data indicated gas production shut-ins and delivery constraints, with MISO’s Minnesota hub nearing $500 per megawatt-hour.
- Federal officials drafted orders to allow data centers to switch to on-site backup generators as a last-resort step to relieve grid demand.