This market update provides an overview of natural gas storage levels, historical LMP pricing across major electricity markets, and Henry Hub spot price history. Together, these indicators offer a clearer understanding of market fundamentals and short‑term price drivers. While this report is intended as a concise snapshot of current conditions, the Mantis Innovation energy solutions team is available for deeper analysis and tailored pricing strategies to support your organization’s needs. For week-to-week forward‑pricing fluctuations and more detailed insights, you can subscribe to our weekly market update emails delivered directly to your inbox.
Natural Gas
Weekly Storage Report
The amount of natural gas available for usage is very important in the energy industry because, among other things, it is used for heating, and as a main fuel source for generating electricity at power plants to be consumed by both homes and businesses. By comparing current levels of natural gas storage to the levels of last year and the past five years, an assessment as to the state of natural gas supplies to meet demand can be made.
Henry Hub
The graph above shows the historical Henry Hub natural gas spot price plotted as a continuous time series. The price is shown on the y‑axis in dollars per million Btu, with the x‑axis showing monthly intervals from 2016 through early 2026. The line chart provides a long‑term view of spot market movement, capturing both short‑term volatility and multi‑year pricing trends across the 10‑year period.
Henry Hub Wholesale Historical Spot Pricing - 2016-2026 ($/Million Btu)
Electricity
ISO-NE
The graph below displays a multi‑year comparison of average monthly LMPs for calendar years 2021 through 2026 in ISO-NE. Each month is represented along the x‑axis, with price shown on the y‑axis in dollars per megawatt-hour. Color‑coded bars indicate the monthly average for each year, allowing a clear year‑over‑year comparison of monthly pricing across the six-year period.
ISO-NE Internal Hub LMP 5-Year Historical Wholesale Pricing ($/MWh)
The following graph shows daily ISO‑NE real‑time LMPs for the previous month. The price is plotted on the y‑axis in dollars per megawatt-hour, with each day of the month displayed along the x‑axis. Individual daily values are connected to illustrate price movement throughout the period, providing a single‑month view of real‑time market variability.
ISO-NE Internal Hub LMP Monthly Wholesale Pricing ($/MWh)
PJM
The graph below displays a multi‑year comparison of average monthly LMPs for calendar years 2021 through 2026 in PJM. Each month is represented along the x‑axis, with price shown on the y‑axis in dollars per megawatt-hour. Color‑coded bars indicate the monthly average for each year, allowing a clear year‑over‑year comparison of monthly pricing across the six-year period.
PJM Western Hub LMP 5-Year Historical Wholesale Pricing ($/MWh)
The following graph shows daily PJM real‑time LMPs for the previous month. The price is plotted on the y‑axis in dollars per megawatt-hour, with each day of the month displayed along the x‑axis. Individual daily values are connected to illustrate price movement throughout the period, providing a single‑month view of real‑time market variability.
PJM Western Hub LMP Monthly Wholesale Pricing ($/MWh)
ERCOT
The graph below displays a multi‑year comparison of average monthly LMPs for calendar years 2021 through 2026 in ERCOT. Each month is represented along the x‑axis, with price shown on the y‑axis in dollars per megawatt-hour. Color‑coded bars indicate the monthly average for each year, allowing a clear year‑over‑year comparison of monthly pricing across the six-year period.
ERCOT Houston LZ LMP 5-Year Historical Wholesale Pricing ($/MWh)
The following graph shows daily ERCOT real‑time LMPs for the previous month. The price is plotted on the y‑axis in dollars per megawatt-hour, with each day of the month displayed along the x‑axis. Individual daily values are connected to illustrate price movement throughout the period, providing a single‑month view of real‑time market variability.
ERCOT Houston LZ LMP Monthly Wholesale Pricing ($/MWh)
General Disclaimer: This information is provided as a courtesy to our clients and/or potential clients and should not be construed as an offer to sell or as a solicitation of an offer to buy securities based on, or contracts in or for, any energy commodity. Mantis Innovation does not sell electricity and/or natural gas, and as such, the actual terms and conditions of competitive supply are solely provided for by the competitive supplier’s contract with the client. Reliance on this information for decisions is done so at the sole risk of the reader, and past performance is not indicative of future results. This information is provided as a general description of various electricity and/or natural gas purchasing strategies that may be decided upon by our clients. Both clients and potential clients should consider their individual circumstances and other sources of available information before arriving at a decision. Graphs and charts are for illustrative purposes only.
