May's 8pm evening peak averaged near $98/MWh, up 64% from 2025 as the heat lifted the curve

Hourly real-time energy price ($/MWh)

2026 average

2026 days

2025 average

2025 days

May 2026

May 2025

Source: PJM, Modo Energy

Note: Prices shown are PJM-RTO system average real-time LMPs. Individual daily curves shown alongside the monthly average profile.

MODOENERGY