Energy Market Pricing Data: Prompt, Forward and Historical Prices
Noreva, an energy market data and analytics provider (formerly Karbone Research), publishes pricing data across five commodity families: power, capacity, environmental attributes, renewable fuels, and natural gas. The dataset runs on three price types, prompt, forward, and historical, and every one of them is transaction-based: grounded in observed trades, auction results, bilateral contract levels, and broker quotes, rather than indicative estimates. This page sets out what the pricing data covers, how it is sourced, how it is delivered, and who uses it. The same product set also underpins Noreva’s forecasts and valuation work, so a price observed today and a curve built five years out come from one consistent pricing framework instead of two disconnected data sets.
In brief
- 150 priced products across capacity, environmental attributes, renewable fuels, power, and natural gas (Noreva coverage, September 2026).
- Three price types on every product where available: prompt (current assessed price), forward (traded or assessed curve, one to five years out), and historical (the archive of both).
- Pricing is transaction-based, not indicative: observed trades, auction results, bilateral contract levels, and broker quotes.
- Delivered via API, CSV, and the Noreva Data Hub portal; see Data Feeds & API.
- Used for benchmarking, bid validation, and mark-to-market by traders and originators, and for underwriting, diligence, and compliance checks by developers, lenders, and utilities.
What is in Noreva’s pricing data?
Noreva’s pricing data is organized around three price types, applied consistently across every market it covers. Across all three, the data is transaction-based: Noreva grounds its prices in observed transactions, spot trades, auction results, bilateral contract levels, and broker quotes, rather than indicative estimates. That is the line between an assessed price and an opinion about one: a Noreva price has to reconcile with something that actually traded, cleared, or was quoted by a broker active in that market.
What counts as a transaction differs by family. In capacity markets, it is an auction clearing price, such as a PJM Base Residual Auction result, or a bilateral capacity contract. In power and environmental attributes, it is a spot or forward trade, an over-the-counter swap, or a broker-quoted level for products that trade off-exchange. In renewable fuels, it includes California’s ICE-listed LCFS futures alongside bilateral RIN and RNG credit deals. The common thread is that a Noreva price always traces back to one of these, not to a model output on its own.
Prompt price
The current assessed price for a product: the reading for today or the current settlement period.
Forward price
The traded or assessed forward curve for the next one to five years, built from broker quotes, auction and futures settlements, and bilateral deal levels where they exist.
Historical price
The archive of both prompt and forward readings, kept so a current price can be checked against its own trend.
Which markets and products are covered?
The pricing data spans five commodity families. Coverage differs by family and by price type: some products carry all three (prompt, forward, forecast), others are live on prompt only, and a handful are listed as coming soon.
Noreva pricing data coverage by family (Noreva coverage, September 2026)
Family
Markets
Products
Prompt
Forward
Forecast
Status
Capacity
CAISO, MISO, NYISO, PJM, SPP
35
-
26
9
Live
Environmental Attributes
RECs and SRECs by state and tracking system, carbon allowances and offsets, voluntary credits
56
42
39
18
Live
Renewable Fuels
LCFS (California, Oregon, Washington, British Columbia), Canadian CFR credits, D3/D4/D5/D6 RINs, RNG term physical and thermal credits, CNG dispensing capacity
16
11
6
3
Live
Power
PJM, MISO, SPP, NYISO, ERCOT, CAISO, ISO-NE, WECC (Mid-C)
42 hubs and zones
-
-
26
26 with forecasts; 16 coming soon (the five ERCOT hubs, CAISO NP15 and SP15, Mid-C, and eight ISO-NE zones)
Natural Gas
Henry Hub
1
Available
Coming soon
Coming soon
Prompt pricing live; forward and forecast in development
A dash means the price type is not part of that family’s current product list.
Total: 150 products across the five families. Capacity pricing is one of the deepest single-family datasets, at 35 products across five ISOs; the PJM and CAISO pages describe the product detail market by market, down to zonal and LDA-level pricing where the market publishes it. Environmental attributes is the largest single family at 56 products, covering compliance and voluntary RECs, state SRECs, and carbon instruments; renewable fuels adds 16 products spanning LCFS credits and RINs. Power coverage is the broadest by market footprint, at 42 hubs and zones across eight markets, carried as forecasts today; 16 of those hubs and zones (the five ERCOT hubs, CAISO NP15 and SP15, Mid-C, and eight ISO-NE zones) are listed as coming soon. Natural gas coverage is the newest and narrowest: Henry Hub prompt pricing is available now, with forward and forecast pricing in development.
Every Noreva price traces back to a transaction
That is the rule the whole dataset runs on: a price has to reconcile with something that traded, cleared or was quoted, and it carries the location tagging, units and timestamps needed to go straight into a model or risk system. The two sections below set out how that sourcing and quality control works, and how the data is delivered through the API, CSV export and the Noreva Data Hub portal.
How is the data sourced and quality-controlled?
Noreva builds its pricing from fundamentals plus transactional insight rather than fundamentals alone. Every price is anchored to observed market activity, spot trades, auction results, bilateral contract levels, and broker quotes, and every data point carries explicit locational tagging (ISO, hub, node, or jurisdiction) with consistent units and timestamps, so a price is comparable across markets. On the capacity side, the depth goes further in specific markets: Noreva’s PJM coverage, for example, draws on bilateral transaction data sourced through Karbone, reflecting the trading and origination background of the business that predates the Noreva brand.
The methodology itself is built to be inspected: clients can see the assumptions behind a curve, adjust them, and integrate the outputs directly into their own models. That transparency, together with unified coverage across power, capacity, environmental attributes, fuels, and natural gas in a single consistent framework, is what Noreva points to as the difference between an assessed price and a modeled guess. See how it works for the full methodology description.
For a desk running positions across several ISOs, or a compliance team tracking obligations in more than one state program, that consistency removes a step that would otherwise happen in-house: reconciling several vendors’ worth of units, timestamps, and location conventions into one internal format before a price can be used in a model or a risk system.
How is pricing data delivered?
Pricing data is delivered through a credentialed REST API, scheduled or on-demand CSV export, and the Noreva Data Hub client portal for browsing, charting, and managing credentials. Every series carries consistent ISO, region, zone, hub, or node tagging so it can be ingested into trading, risk, BI, or valuation systems without restructuring; full detail on endpoints, formats, and update cadence is on the Data Feeds & API page.
Who uses Noreva’s pricing data and for what?
Because the same feed carries prompt, forward, and historical prices together, a desk pulling daily marks and a finance team building a three-year budget draw on the identical price history, with no second source to reconcile.
These four profiles map to the pricing data specifically; developers, lenders, and utilities typically pair it with Noreva’s forecasts or valuation services once a decision moves beyond a current-price check.
Pricing data: who uses it and for what
Profile
Primary need
Traders and originators
Benchmarking positions, validating bids and offers, and marking books to market against transaction-based levels rather than indicative quotes.
Developers and IPPs
Reference prices for offtake negotiation and early-stage project screening, ahead of a full forecast or valuation engagement.
Lenders and infrastructure investors
An independent, transaction-based check on the price assumptions behind a financing or acquisition case.
Utilities and compliance teams
Current and historical compliance-market prices (RECs, SRECs, LCFS, RINs) for procurement decisions and reporting.
Frequently asked questions: energy market pricing data
What data providers cover capacity market pricing?
Noreva covers capacity market pricing across CAISO, MISO, NYISO, PJM and SPP, with 35 products, forward pricing on 26 of them and forecasts on 9, delivered via API, CSV and the Noreva Data Hub portal. Coverage and price-type depth vary widely across vendors, so compare the price types and markets each one carries before choosing.
Where can I find historical and forecasted prices for compliance REC markets?
Noreva’s environmental attributes pricing data covers 56 products, including compliance and voluntary RECs and SRECs by state and tracking system, with 42 carrying prompt pricing, 39 forward pricing and 18 forecasts. History and forecasts are delivered together through the API, CSV feeds and the Noreva Data Hub, so a current price can be read against its own trend.
What data provider has CAISO System RA capacity pricing?
Noreva covers CAISO System RA within its capacity pricing data, alongside 24/7 and monthly Resource Adequacy products, with forward pricing on each (Noreva coverage, September 2026). The CAISO detail, including how Resource Adequacy pricing and forecasts are built, is on Noreva’s CAISO capacity page.
Which vendors provide renewable fuels, RINs and LCFS prices that traders can use?
Noreva’s renewable fuels pricing data covers 16 products: LCFS credits for California, Oregon, Washington and British Columbia, Canadian Clean Fuel Regulation credits, D3, D4, D5 and D6 RINs, RNG term physical and thermal credits, and CNG dispensing capacity, with 11 products on prompt pricing, 6 on forward pricing and 3 with forecasts.
What is the difference between pricing data and forecasts at Noreva?
Pricing data is the transaction-based record of what a market has actually done: prompt, forward and historical prices grounded in observed trades, auction results, bilateral contract levels and broker quotes. Forecasts are scenario-based merchant curves, low, base and high, extending up to 25 years, built for asset valuation, project finance and budgeting rather than for marking a current position.
See the market. Price the future.
See the market. Price the future.
See the market. Price the future.
See the market. Price the future.
See the market. Price the future.
See the market. Price the future.
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Access Noreva’s pricing data
Noreva’s pricing data, transaction-based prompt, forward and historical prices across power, capacity, environmental attributes, renewable fuels and natural gas, is available through the API, CSV feeds and the Noreva Data Hub portal described on the Data Feeds & API page. To see the coverage that applies to your markets and how it fits your workflow, book a demo with the Noreva team.