06 Jul 2026
AI demand, grid constraints and the next phase of US power markets | The Marex Market Pulse podcast
06 Jul 2026
AI demand, grid constraints and the next phase of US power markets | The Marex Market Pulse podcast
In this episode of Marex Market Pulse, we explore the key forces shaping US power markets today, from accelerating AI and data centre demand to evolving weather patterns, natural gas dynamics and regional infrastructure constraints.
Featuring Mindy Yajko, Head of US Power Sales at Marex, the discussion examines how market participants are navigating a rapidly changing landscape where long-term load growth, generation development and transmission limitations are increasingly influencing pricing and volatility.
The conversation looks at the growing impact of data centres on load forecasts, the challenges utilities and ISOs face in meeting future demand, and why location-specific dynamics are becoming increasingly important across power markets. The episode also explores weather-related risks, the role of natural gas as the primary marginal fuel, and how Henry Hub continues to shape US power pricing despite diverging global gas benchmarks.
The Marex difference
At Marex, we provide liquidity and tailored solutions across US power markets, helping clients navigate increasingly complex market dynamics with confidence. Combining deep market expertise, customised pricing and integrated execution capabilities, we support a broad range of trading and risk management strategies.
Power
Market access and liquidity
- Access to PJM, NYISO and ISO-NE
- Market-making and bespoke pricing
- Timely, customised pricing across the forward curve
- Consistent liquidity across key power markets
Trading and risk management solutions
- Heat rate and spark spread strategies
- Integrated gas and power market solutions
- Support across a broad range of trading strategies
Clearing and execution
- Clearing via ICE, NODAL and CME
- Integrated clearing and credit solutions
- Efficient and seamless trade execution
