May 2026 logged 21 hours above $200/MWh versus 2 in 2025, and 137 hours below $20

Hourly system demand (GW) vs real-time LMP ($/MWh)

May 2026

May 2025

Source: PJM, Modo Energy

Note: Each point represents one hour. Y-axis capped at 300 $/MWh; spikes above this level are visible in tooltips.

MODOENERGY