Electric power
Insights into electricity markets including trusted prices, analysis of different feedstocks and data analytics
Overview
From international electricity prices to analytical reporting and fundamentals data, Argus meets power market needs in a consolidated, comprehensive service.
Argus electricity prices are trusted and used by many companies in spot and term pricing, risk analysis and management, mark-to-market and strategic planning.
Latest electric power news
Browse the latest market moving news on the global electric power industry.
New Jersey board proposes lower RPS target for 2029
New Jersey board proposes lower RPS target for 2029
Houston, 12 August (Argus) — New Jersey regulators proposed cuts to the state's renewable portfolio standard (RPS) in the 2029 reporting period, more than a year after they first signaled they were considering the adjustments. The New Jersey Board of Public Utilities (BPU) on Wednesday kicked off a process that could result in it lowering the Class I obligations for utilities during the 2029 energy year to 45pc, from the current 47pc. The compliance period spans June 2028-May 2029. The board will next publish a notice of proposal in the New Jersey Register , which will start a 60-day public comment period. In addition to modifying the 2029 RPS minimum, the proposal would officially codify previously approved changes to the 2026-28 targets. The BPU last year held the 2026 objective at 35pc of retail sales, rather than allowing it to rise to 38pc as scheduled, and earlier this year cut the 2027 and 2028 goals to 35pc and 40pc, respectively, from their original 41pc and 44pc mandates. Renewable energy certificates (RECs) traded sharply higher on the news, after uncertainty about the extent of the BPU's proposed changes weighed on prices during Tuesday's session. Futures transactions for the 2029 RECs occurred as high as $29.15/MWh on Wednesday morning, $1.45 higher than Argus assessed the vintage Tuesday. The BPU has previously sought feedback on larger adjustments to the RPS program, such as opening Class I eligibility to out-of-state solar projects, which would have much greater impacts on the supply and demand balance throughout the region. The ambiguity around the extent of the board's intentions had spooked some participants, driving credits lower. Thus, despite the BPU signaling it could adopt lower targets for the 2029 reporting period, market confidence rebounded upon learning the proposed changes would be relatively narrow. The BPU first floated changes to the 2027-2031 RPS targets in May 2025, when it froze the 2026 requirements. At the time, the board directed its staff to investigate the requirements for those years, part of a larger push to diminish costs borne by ratepayers after a series of record-high capacity auctions in the PJM region, a 13-state grid territory that includes New Jersey. Staff in March floated amendments to the 2027-29 periods, with the BPU ultimately adopting the reduced 2027-28 targets in May. But the agency postponed a decision on the 2029 modifications at the time, wanting to further consider the matter. The RPS peaks at 50pc in 2030. Getting literal about 'solar farms' The BPU on Wednesday also approved 16 projects that collectively represent 52MW of solar capacity for the state's "dual-use" pilot program, which is designed to support agrivoltaic projects in which active farmland coincides with solar generation. The projects, which individually range from less than 1MW to 5.5MW in size, will ultimately generate credits for New Jersey's SREC-II credits program. While SREC-II credits do not count toward the RPS in-state photovoltaic carve-out, they do count toward the broader Class I requirements. The board endorsed the pilot program's first solicitation last year, attempting to bolster the state's renewable energy fleet without ceding prime farmland in the process. The pilot will run for 36 months, with the board setting specific capacity targets for each program year for an overall allocation of 200MW. The awards granted to the first batch of projects land between $106.91-$228.58/MWh. By Patrick Zemanek Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Hungary to build a Danube 'peninsula' near Paks nuclear
Hungary to build a Danube 'peninsula' near Paks nuclear
London, 12 August (Argus) — The Hungarian government has decided to build a "peninsula" in the Danube river near the Paks nuclear power plant in the hope of raising critically low river levels, prime minister Peter Magyar said on Wednesday. The 24-hour operation will involve adding 150,000m³ of stone to the two riverbanks near the 2GW Paks nuclear plant. In a possible second phase, authorities would sink two barges to redirect flows. With no significant rainfall forecast in the Danube basin for weeks, the tenuous situation could "persist for months" in the absence of intervention, Magyar said. The proposed intervention could ensure water levels at Paks' cooling channel do not drop below minus 90cm, allowing Paks to operate at full capacity, the prime minister argued. Danube river levels at Paks were 108cm below the reference level, but are set to fall to 137cm by 18 August, near the record low of 140cm below the reference level on 4 August, when Paks avoided a complete shutdown by millimetres . Romania carried out a similar operation using barges to redirect flows on 7-8 August at a section of the Danube near its 1.4GW Cernavoda nuclear plant. Following the intervention, Danube river levels near Cernavoda were 8cm higher than initially forecast by 9 August. But two days later, operator Nuclearelectrica announced it would be likely to have to shut down the plant's second 700MW unit. A complete failure of Paks would cost the Hungarian state 50bn forint/month (€136mn/month), as well as weighing on the economy, Magyar said. By Jessamy Guest Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Mexico industrial output rebounds in June
Mexico industrial output rebounds in June
Mexico City, 11 August (Argus) — Mexico's industrial production expanded by 0.2pc in June from the previous month, marking gains in two of the second quarter's three months as construction showed signs of a tentative recovery. The June increase in Mexico's industrial activity indicator (IMAI), reported Tuesday by statistics agency Inegi, followed a revised 0.7pc contraction in May and a 2.1pc expansion in April. Industrial activity posted a cumulative net increase of 1.6pc over the second quarter. The June result matched the consensus forecast cited by Mexican bank Banorte. Construction, which accounts for 19pc of the IMAI, expanded by 3pc in June, rebounding from a 3.7pc decline in May after a 7pc increase in April. Within the sector, building construction rose by 4.8pc in June after falling 5.5pc in May. Civil engineering fell by 2.7pc, reversing a 4.5pc May increase. Weakness remained concentrated in manufacturing, which declined by 0.6pc in June after a 0.1pc drop in May and a 1.1pc increase in April. Ten of 21 manufacturing subsectors contracted in June. The heavily weighted transport equipment segment fell 3.2pc in June, its first decline since January and the steepest since July 2025. Machinery and equipment output fell by 1.4pc after a 3.1pc May increase, while electronic equipment expanded by 0.5pc after declining 0.1pc. Mining expanded by 0.6pc in June, led by a 10.5pc increase in related services, with the oil component also positive at 0.2pc. This follows 0.3pc expansion in May and a 0.2pc decline in April. Generation, transmission and distribution of electricity, natural gas and water rose by 0.9pc in June, marking its first monthly expansion of 2026 after contraction of 0.4pc in May. Industrial production returned to positive territory in annual terms, expanding 1.7pc in June from a year prior, with all four sectors posting increases. Mining was the top performer, rising 6.6pc, followed by construction at 5pc. Utilities rose by an annual 0.7pc, with manufacturing edging 0.1pc higher. By James Young Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Brazil’s inflation slows to 4.44pc in July
Brazil’s inflation slows to 4.44pc in July
Sao Paulo, 11 August (Argus) — Brazil's inflation slowed to an annual 4.44pc in July, with lower housing costs helping to offset higher electricity bills. The consumer price index IPCA decelerated from 4.64pc in June and 4.72pc in May, national statistics agency IBGE said on Tuesday. The latest decline puts inflation within the central bank's target range of 1.50-4.50pc. Food and beverage costs, which weigh heavily on the index, contributed the most to the monthly deceleration in the IPCA, decelerating to an annual 3.4pc in July from 3.82pc in June. Lower prices for coffee, fruits and vegetables largely drove the declines, IBGE said. Housing costs was the largest monthly contributors to the gain in the index in July, with its inflation accelerating to an annual 5.93pc from 5.85pc a month earlier, mostly thanks to electricity bills and tax readjustments for power supply in some southern states. Transport costs slowed to an annual 3.64pc in July from 3.95pc in June. Lower prices for ethanol, diesel, gasoline and compressed natural gas weighed on motor fuel costs, despite an increase in airfares The annual gain for July was down from 5.23pc in July 2025 . The central bank expects inflation to end 2026 at 5.03pc, above its 1.5-4.5pc expected range. It also expects inflation at 4.22pc for 2027 and 3.8pc for 2028. Brazil's central bank lowered its target rate to 14pc in its latest meeting , held last month, a fourth such quarter point cut since March after holding it at 15pc since mid-2025 to stem inflation. By Mariana Funchal Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Spotlight content
Browse the latest thought leadership produced by our global team of experts.
Power Dispatch: Bottlenecked - Pushing Grids to the Limit?
Discover how grid constraints are shaping Europe’s energy transition, influencing investment, policy and demand across key electricity markets.
Power dispatch: storage wars - batteries and dams in focus
Discover how energy storage is evolving in Europe, as Argus experts explore key successes, deployment challenges and hydropower’s role in a flexible, green grid
Power Dispatch: Modulate and Modernise: A New Atomic Age?
Explore our electric power products
Key price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.
