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PJM Interconnection

PJM power prices

Hub prices, negative-price hours and the plant fleet, 2025 and 2026 to August.

Western Hub real-time, 2025
$49.27 /MWh
Western Hub day-ahead, 2025
$50.25 /MWh
Western Hub real-time, 2026 to Aug
$71.30 /MWh
Negative real-time hours at plant nodes, 2025
1.2%

PJM hourly prices through August 2026 · EIA-860M August 2026 · Updated 2026-10-27

Hub prices

7 hubs, January 2025 to August 2026.

Monthly average price

  • Real-time
  • Day-ahead
$0$50$100$150$200JanFebMarAprMayJunJulAugSepOctNovDecJanFebMarAprMayJunJulAug20252026 to Aug

USD/MWh, mean of each month’s complete hours at the hub.

PJM hourly prices through August 2026.

Hours with negative real-time prices

  • Plant nodes1,115 nodes
  • Western Hub
0%1%2%3%4%JanFebMarAprMayJunJulAugSepOctNovDecJanFebMarAprMayJunJulAug20252026 to Aug3.1%

Negative node-hours over valid node-hours, real-time.

Real-time prices at 1,115 pricing nodes linked to plants. Node names are part of Pro.

Average prices by hub, USD/MWh, and the share of 2025 real-time hours below $0
Hub2025 real-time2025 day-ahead2026 to Aug real-time2026 to Aug day-aheadNegative hours, 2025
Western Hub$49.27$50.25$71.30$73.460.0%
Eastern Hub$45.97$45.98$59.57$61.220.3%
AEP-Dayton Hub$43.87$45.13$55.90$57.520.0%
Dominion Hub$50.89$50.88$74.66$71.800.0%
Northern Illinois Hub$36.06$36.65$38.06$43.413.8%
New Jersey Hub$41.86$42.14$55.24$56.870.1%
Ohio Hub$44.01$45.23$55.75$57.350.0%

Plant fleet

Operating plants
2,058
Nameplate
225 GW
Plants with hourly node prices
551 of 2,058
States
15

Nameplate by fuel

  • Natural gas105 GW46%
  • Coal38 GW16%
  • Nuclear34 GW15%
  • Solar19 GW8%
  • Other12 GW5%
  • Wind12 GW5%
  • Hydro8.3 GW4%
  • Battery storage0.6 GW0%

EIA-860M August 2026, operating projects by ISO region.Open the map

See PJM node prices on the map