PJM update

October 07, 2025 

PJM/MISO deal flow continued to keep the PJM pricing desk busy booking Incremental Blocks, Price Locks and FP deals as the market has moved up over the last couple weeks.    

PJM Cal 2026 West Hub On Peak is trading around $64.75 as of Oct 7. Cal 27 and Cal 28 are around $65.90.

There are a couple tropical systems being monitored, but neither will pose a threat to the Gulf production region. A cold front will move across the Ohio Valley and Northeast mid-week and will drop high temps into the 50’s and 60’s.

Natural gas for November is trading around $3.44.

Weather forecasts for winter 2025-2026 for Midwest and Northeast are for cold and snowy conditions.