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Executive BriefingFebruary 27, 2026

Energy Market Pulse: Constraints & Capital Impacts

A synthesized overview of macroeconomic fundamentals, wholesale grid constraints, and month-over-month rate movements for commercial energy buyers.

The Bottom Line Up Front (BLUF): The national Henry Hub natural gas benchmark is trading steadily, currently trading at $3.13/MMBtu. Meanwhile, commercial delivered rates are averaging $10.95/Mcf nationwide. Commercial electricity grids (particularly PJM and ERCOT) continue to see structural capacity premiums that require immediate risk mitigation before peak summer loads.

1. Live Wholesale Benchmarks

Real-time wholesale electricity and natural gas hub pricing pulled directly from ISO and commodity APIs. These figures update automatically — compare current values to the snapshot captured at time of publication.

Wholesale Electricity

Gas Hub Pricing

Storage & Fundamentals

2. Grid Volatility Signals

The following high-impact anomalies and supply constraints have been flagged by the KilowattLogic intelligence engine this week.

electricitySignal: warning

PJM Launches 'Reliability Backstop Procurement' to Avert Severe Capacity Shortfalls

PJM initiates emergency out-of-market procurement workshops as the IMM points to data centers driving 40% of December auction costs. Utility delivery hikes expected.

naturalgasSignal: spike

Texas Battery Storage Surges to 14 GW as Solar Permanently Eclipses Coal

ERCOT battery capacity nearly doubles in 13 months, fundamentally reshaping the summer supply stack as grid planners brace for a massive 217 GW peak load by 2030.

electricitySignal: spike

ISO-NE Reports Highest Wholesale Electricity Prices Since 2014 Amid Winter Grid Emergencies

Extreme winter weather and gas pipeline constraints drove January 2026 ISO-NE wholesale prices to their highest since 2014, with day-ahead LMPs peaking at $660.37/MWh.

electricitySignal: warning

Champlain Hudson Power Express Enters Critical Q1 Testing as NYISO Flags NYC Capacity Risks

The 1,250 MW CHPE transmission line begins operational testing in Q1 2026, though NYISO warns any delays could severely impact Zone J capacity outcomes for Winter 2026/2027.

complianceSignal: warning

CAISO EDAM Accelerates Toward May Launch as APS Projects $110M in Annual Savings

CAISO finalizes preparations for the May 2026 EDAM launch. APS projects $110M in annual savings, cementing CAISO's dominance. FERC rescinds the legacy West-wide price cap.

3. Explore Live Market Data

For deeper real-time analysis by state and ISO region, visit our dedicated market pages with live EIA and ISO data feeds.


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