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Winter Storm Fern Causes Travel Chaos, Skyrockets Energy Prices

1/24/2026

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Story summary
  • The winter storm Fern is affecting nearly half the United States, disrupting travel and causing outages.
  • The PJM Interconnection reported spot prices near $3,000 per megawatt-hour due to high demand and constrained gas.
  • The Midcontinent Independent System Operator (MISO) called for maximum output from power plants to avert capacity shortfalls.
  • The Southwest Power Pool noted congestion pushing prices above $200 per megawatt-hour.
  • Wind generation in New Mexico and Oklahoma produced negative prices.