As the market moves higher week over week, PJM/MISO deal flow continues to keep the pricing desk busy booking Incremental Blocks, Price Locks, Fixed Price, Index and Structured deals.

PJM Cal 2026 West Hub On Peak is trading around $69.00 Tuesday, November 4. Cal 27 and Cal 28 are around $69.90.

Traders are attributing the continued strength in PJM power prices to increased AI related demand and tight supply.

November marks the end of hurricane season as we transition from fall to winter.  Forecasts are still for a La Niña weather pattern this winter. Temperatures for the balance of November are forecasted to be above average for PJM and the Northeast.

Natural gas for December is trading around $4.31, up 4.5% from Monday’s settle. January through February natural gas is trading just above the $4.43 mark.