Natural gas spot prices at the Henry Hub serve as a key indicator for electricity rates. Because natural gas often sets the marginal price for power plants, rising gas prices tend to push electricity rates upward while falling prices can ease pressure on rates.
Natural Gas Spot Prices (Henry Hub)
$3.25/MMBtu
Direction: Down
Henry Hub spot price was $3.25/MMBtu on Feb. 9, 2026, down from $4.37/MMBtu on Feb. 6, 2026 as prices eased.
Past Year Trend for Natural Gas Spot Prices
From December 2024 to November 2025, Henry Hub natural gas prices rose from $3.01 per million BTU to $3.79 per million BTU. After peaking above $4 early in 2025, prices declined through the summer before rising again into the winter. This year-long trend reflects ongoing volatility in natural gas markets and can influence electricity rates.
