Elevated electricity demand from persistent late-summer heat and regional resource constraints remain the dominant factors influencing trader views on a power grid emergency before October 1. NERC’s May 2026 Summer Reliability Assessment reports adequate reserves for normal peaks across most areas thanks to record additions, yet flags elevated shortfall risk during extreme heat in New England, the Pacific Northwest, and parts of the West, where margins tighten in August–September. Recent July–August 2026 heat waves drove PJM and other operators to issue maximum-generation alerts and the Department of Energy to authorize emergency measures across 17 states, underscoring how temperature-driven load spikes test aging infrastructure and variable renewable output. EIA’s August Short-Term Energy Outlook and updated NERC seasonal assessments expected in coming weeks will provide fresh demand and resource data that could shift implied probabilities.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedWill there be a power grid emergency before October 1?
Will there be a power grid emergency before October 1?
NEW
Oct 1, 2026
California (CAISO)
42%
Texas (ERCOT)
40%
Central US (SPP)
40%
Midwest (MISO)
42%
Mid-Atlantic (PJM)
41%
New York (NYISO)
37%
New England (ISO-NE)
41%
$300 Vol.
California (CAISO)
$40 Vol.
42%
Texas (ERCOT)
$20 Vol.
40%
Central US (SPP)
$40 Vol.
40%
Midwest (MISO)
$40 Vol.
42%
Mid-Atlantic (PJM)
$40 Vol.
41%
New York (NYISO)
$120 Vol.
37%
New England (ISO-NE)
$0 Vol.
41%
This market resolves "Yes" if the California Independent System Operator (CAISO), which operates the electric grid serving most of California, declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) at any point from this market's creation through 11:59 PM PT on September 30, 2026.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official CAISO communication — its newsroom (https://www.caiso.com/about/news), market notices, or real-time system-condition (Today's Outlook) postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".This market resolves "Yes" if the Electric Reliability Council of Texas (ERCOT) declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) at any point from this market's creation through 11:59 PM CT on September 30, 2026.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official ERCOT communication — its news releases (https://www.ercot.com/news/releases), market notices, or real-time grid-condition postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".This market resolves "Yes" if the Southwest Power Pool (SPP) — the regional transmission organization serving all or part of 17 states across the central and western U.S. — declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) for any of its balancing authority areas from this market's creation through 11:59 PM CT on September 30, 2026. "Central US" in the title is a general label — only an SPP declaration counts, and emergencies in other central-U.S. grid operators do not qualify.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official SPP communication — its press releases (https://www.spp.org/newsroom/press-releases/), Grid Notices, or its real-time Current Grid Conditions page — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".This market resolves "Yes" if the Midcontinent Independent System Operator (MISO) — the regional transmission organization serving all or part of 15 U.S. states from the Great Lakes to the Gulf Coast — declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) for any of its balancing authority areas from this market's creation through 11:59 PM CT on September 30, 2026. "Midwest" in the title is a general label — only a MISO declaration counts, and emergencies in other grid operators do not qualify.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official MISO communication — its Media Center (https://www.misoenergy.org/meet-miso/media-center/), market notices, or real-time grid-condition postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".This market resolves "Yes" if PJM Interconnection declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) anywhere across its footprint from this market's creation through 11:59 PM ET on September 30, 2026. PJM serves all or part of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and the District of Columbia; a qualifying declaration anywhere in that footprint counts, and "Mid-Atlantic" in the title is only a general label.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official PJM communication — its Inside Lines blog (https://insidelines.pjm.com/), emergency-procedure or market messages, or real-time system-status postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".This market resolves "Yes" if the New York Independent System Operator (NYISO) declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) at any point from this market's creation through 11:59 PM ET on September 30, 2026.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official NYISO communication — its News & Media page (https://www.nyiso.com/news-and-media), market notices, or real-time system-conditions postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".This market resolves "Yes" if ISO New England (ISO-NE) — the grid operator for the six New England states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont — declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) at any point from this market's creation through 11:59 PM ET on September 30, 2026.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official ISO New England communication — its press releases (https://www.iso-ne.com/about/news-media/press-releases), market notices, or real-time system-status postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".Elevated electricity demand from persistent late-summer heat and regional resource constraints remain the dominant factors influencing trader views on a power grid emergency before October 1. NERC’s May 2026 Summer Reliability Assessment reports adequate reserves for normal peaks across most areas thanks to record additions, yet flags elevated shortfall risk during extreme heat in New England, the Pacific Northwest, and parts of the West, where margins tighten in August–September. Recent July–August 2026 heat waves drove PJM and other operators to issue maximum-generation alerts and the Department of Energy to authorize emergency measures across 17 states, underscoring how temperature-driven load spikes test aging infrastructure and variable renewable output. EIA’s August Short-Term Energy Outlook and updated NERC seasonal assessments expected in coming weeks will provide fresh demand and resource data that could shift implied probabilities.
This market resolves "Yes" if the California Independent System Operator (CAISO), which operates the electric grid serving most of California, declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) at any point from this market's creation through 11:59 PM PT on September 30, 2026.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official CAISO communication — its newsroom (https://www.caiso.com/about/news), market notices, or real-time system-condition (Today's Outlook) postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official CAISO communication — its newsroom (https://www.caiso.com/about/news), market notices, or real-time system-condition (Today's Outlook) postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".
Market Opened: Aug 12, 2026, 5:25 PM ET
Volume
$300End Date
Oct 1, 2026Market Opened
Aug 12, 2026, 5:25 PM ETResolver
0x65070BE91...This market resolves "Yes" if the California Independent System Operator (CAISO), which operates the electric grid serving most of California, declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) at any point from this market's creation through 11:59 PM PT on September 30, 2026.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official CAISO communication — its newsroom (https://www.caiso.com/about/news), market notices, or real-time system-condition (Today's Outlook) postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".This market resolves "Yes" if the Electric Reliability Council of Texas (ERCOT) declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) at any point from this market's creation through 11:59 PM CT on September 30, 2026.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official ERCOT communication — its news releases (https://www.ercot.com/news/releases), market notices, or real-time grid-condition postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".This market resolves "Yes" if the Southwest Power Pool (SPP) — the regional transmission organization serving all or part of 17 states across the central and western U.S. — declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) for any of its balancing authority areas from this market's creation through 11:59 PM CT on September 30, 2026. "Central US" in the title is a general label — only an SPP declaration counts, and emergencies in other central-U.S. grid operators do not qualify.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official SPP communication — its press releases (https://www.spp.org/newsroom/press-releases/), Grid Notices, or its real-time Current Grid Conditions page — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".This market resolves "Yes" if the Midcontinent Independent System Operator (MISO) — the regional transmission organization serving all or part of 15 U.S. states from the Great Lakes to the Gulf Coast — declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) for any of its balancing authority areas from this market's creation through 11:59 PM CT on September 30, 2026. "Midwest" in the title is a general label — only a MISO declaration counts, and emergencies in other grid operators do not qualify.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official MISO communication — its Media Center (https://www.misoenergy.org/meet-miso/media-center/), market notices, or real-time grid-condition postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".This market resolves "Yes" if PJM Interconnection declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) anywhere across its footprint from this market's creation through 11:59 PM ET on September 30, 2026. PJM serves all or part of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and the District of Columbia; a qualifying declaration anywhere in that footprint counts, and "Mid-Atlantic" in the title is only a general label.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official PJM communication — its Inside Lines blog (https://insidelines.pjm.com/), emergency-procedure or market messages, or real-time system-status postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".This market resolves "Yes" if the New York Independent System Operator (NYISO) declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) at any point from this market's creation through 11:59 PM ET on September 30, 2026.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official NYISO communication — its News & Media page (https://www.nyiso.com/news-and-media), market notices, or real-time system-conditions postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".This market resolves "Yes" if ISO New England (ISO-NE) — the grid operator for the six New England states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont — declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) at any point from this market's creation through 11:59 PM ET on September 30, 2026.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official ISO New England communication — its press releases (https://www.iso-ne.com/about/news-media/press-releases), market notices, or real-time system-status postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".Elevated electricity demand from persistent late-summer heat and regional resource constraints remain the dominant factors influencing trader views on a power grid emergency before October 1. NERC’s May 2026 Summer Reliability Assessment reports adequate reserves for normal peaks across most areas thanks to record additions, yet flags elevated shortfall risk during extreme heat in New England, the Pacific Northwest, and parts of the West, where margins tighten in August–September. Recent July–August 2026 heat waves drove PJM and other operators to issue maximum-generation alerts and the Department of Energy to authorize emergency measures across 17 states, underscoring how temperature-driven load spikes test aging infrastructure and variable renewable output. EIA’s August Short-Term Energy Outlook and updated NERC seasonal assessments expected in coming weeks will provide fresh demand and resource data that could shift implied probabilities.
This market resolves "Yes" if the California Independent System Operator (CAISO), which operates the electric grid serving most of California, declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) at any point from this market's creation through 11:59 PM PT on September 30, 2026.
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official CAISO communication — its newsroom (https://www.caiso.com/about/news), market notices, or real-time system-condition (Today's Outlook) postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".
A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it.
The declaration will be confirmed by any official CAISO communication — its newsroom (https://www.caiso.com/about/news), market notices, or real-time system-condition (Today's Outlook) postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward.
Otherwise, this market resolves "No".
Volume
$300End Date
Oct 1, 2026Market Opened
Aug 12, 2026, 5:25 PM ETResolver
0x65070BE91...Elevated electricity demand from persistent late-summer heat and regional resource constraints remain the dominant factors influencing trader views on a power grid emergency before October 1. NERC’s May 2026 Summer Reliability Assessment reports adequate reserves for normal peaks across most areas thanks to record additions, yet flags elevated shortfall risk during extreme heat in New England, the Pacific Northwest, and parts of the West, where margins tighten in August–September. Recent July–August 2026 heat waves drove PJM and other operators to issue maximum-generation alerts and the Department of Energy to authorize emergency measures across 17 states, underscoring how temperature-driven load spikes test aging infrastructure and variable renewable output. EIA’s August Short-Term Energy Outlook and updated NERC seasonal assessments expected in coming weeks will provide fresh demand and resource data that could shift implied probabilities.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
Beware of external links.
Beware of external links.
Frequently Asked Questions