Power 2026

Power 2026 is a primer on AI's impact on the US power markets, written by Neel Somani, a former quantitative researcher at one of the world's leading hedge funds. Part 1 teaches the fundamentals of power plants and critical frameworks for reasoning about commodities. Part 2 dives into trading methodologies and practical pricing models. The primer applies these lessons through real-world case studies, such as Texas's negative price hours, Homer City's natural gas redevelopment, and the peculiar rising evening prices in California.