PJM West Hub spot rises $4.25 on higher spot gas prices, power demand

摘要

US Mid-Atlantic and Midcontinent power dailies were stronger Mondayon higher power demand expectations, as real-time prices spike onload surpassing the forecast for the day.In the PJM footprint, PJM West Hub on-peak day-ahead added$4.25 to trade in the low $30s/MWh for Tuesday delivery on theIntercontinental Exchange.AD Hub on-peak advanced $4.25 to trade in the mid-$30s/MWh, asNI Hub on-peak increased $4 to trade in the low $30s/MWh.Texas Eastern M-3 spot gas moved up 8.5 cents to around $2.335/MMBtu.PJM forecast peakload to increase 4% to around 87,675 MWTuesday from 84,275 MW Monday.Real-time prices spiked into the $430/MWh in the PECO EnergyZone around 3:45 pm Monday as load was beginning to enter theafternoon peak.High temperatures across the PJM footprint forecast at a rangefrom the low 60s in Chicago to the upper 80s in Richmond, Virginia, asmuch as 13 degrees above seasonal normal, according toCustomWeather.