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Southwest Power Pool

SPP power prices

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

North Hub real-time, 2025
$27.02 /MWh
North Hub day-ahead, 2025
$28.09 /MWh
North Hub real-time, 2026 to Aug
$31.83 /MWh
Negative real-time hours at plant nodes, 2025
16.7%

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

Hub prices

3 hubs, January 2025 to August 2026.

Monthly average price

  • Real-time
  • Day-ahead
$0$20$40$60$80JanFebMarAprMayJunJulAugSepOctNovDecJanFebMarAprMayJunJulAug20252026 to Aug

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

SPP hourly prices through August 2026. Western Hub prices start April 2026.

Hours with negative real-time prices

  • Plant nodes692 nodes
  • North Hub
0%10%20%30%40%JanFebMarAprMayJunJulAugSepOctNovDecJanFebMarAprMayJunJulAug20252026 to Aug34.3%

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

Real-time prices at 692 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
North Hub$27.02$28.09$31.83$35.4511.9%
South Hub$27.17$29.34$24.56$28.7914.7%
Western Hubn/an/a$32.87$32.97n/a

Plant fleet

Operating plants
700
Nameplate
104 GW
Plants with hourly node prices
431 of 700
States
14

Nameplate by fuel

  • Natural gas37 GW35%
  • Wind36 GW34%
  • Coal20 GW19%
  • Hydro3.3 GW3%
  • Other2.9 GW3%
  • Solar2.4 GW2%
  • Nuclear2.1 GW2%
  • Battery storage0.5 GW0%

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

Curtailment

Average wind and solar curtailed

2024
1,483 MW
2025
1,382 MW−7% on 2024

Mean curtailed MW across all hours. SPP Market Monitoring Unit State of the Market 2025, page 54. Source

See SPP node prices on the map