NRG · 10-Q · 2026Q2 · Full report

Regional Power Price Trends

NRG ENERGY, INC. · 2026-08-04 · Importance 51 · Surprise 64 · In source text

Six-month on-peak power prices declined 15% in ERCOT-Houston and 17% in ERCOT-North, while prices increased in every reported East market, including 15% in NYISO J/NYC, 13% in NEPOOL, and 50% in PJM-West Hub. West markets weakened, with prices down 11% at the MISO Louisiana Hub and 36% at CAISO SP15. Henry Hub natural gas prices increased 12% to $3.97/MMBtu. NRG’s East business benefited from higher electric load and PJM capacity prices, while Texas experienced lower load and higher realized power prices under its diversified supply strategy.

Key facts

• Average on peak CAISO - SP15 price for the three months ended June 30, 2026 was $5.61/MWh versus $16.85/MWh in 2025, a 67% decrease. source
• Average on peak PJM - DOMINION price for the three months ended June 30, 2026 was $97.02/MWh versus $77.79/MWh in 2025, a 25% increase. source
• Average on peak ERCOT - Houston price for the three months ended June 30, 2026 was $37.01/MWh versus $44.41/MWh in 2025, a 17% decrease. source
• Average on peak ERCOT - North price for the three months ended June 30, 2026 was $33.08/MWh versus $37.86/MWh in 2025, a 13% decrease. source
• Average Henry Hub natural gas price for the three months ended June 30, 2026 was $2.90/MMBtu versus $3.44/MMBtu in 2025, a 16% decrease. source
• Average on peak ERCOT - Houston price for six months ended June 30, 2026: $33.02/MWh, for six months ended June 30, 2025: $38.84/MWh (15% change) source

Impact estimates