Forward power prices exceptionally low,FERC staff reports; gas supplies abundant

摘要

Expectations for lower power prices this summer are chieflynattributable to weaker market fundamentals affecting load andnfuel prices, a Federal Energy Regulatory Commission staffnmember reported last week, adding that in most regions,nforward power prices are at their lowest levels in recent years.n“Last year at this time, we saw market participants payingnhigh prices to secure supply,” noted Steven Reich, actingndirector of the division of energy market oversight in the FERCnOffice of Enforcement, at the commission’s monthly meeting.nThis year, the market has “stepped back,” he said.