Weekly Energy Report
June 24, 2025
Monday, June 23rdEarly in the day, bal-day power prices showed strength, but PJM appears to be managing grid conditions effectively as demand approaches a projected peak of 160,000 MW.
With temperatures expected to return to seasonal norms after Wednesday, both power and natural gas prices declined across the forward curve. However, current power prices remain elevated due to ongoing extreme heat across much of the eastern U.S., and weather models for Texas are indicating significantly above-normal temperatures in the 6–15 day outlook.
Friday, June 20th
Power prices for the remainder of the month moved higher in anticipation of record-setting temperatures forecasted for early next week. Highs near 100°F were still expected in key markets such as Washington, D.C., and New York City for Monday and Tuesday.
Reduced solar generation on Friday contributed to higher bal-day prices, while widespread heat across the eastern U.S. continued to apply upward pressure on power markets.
