ERCOT North Hub weakens alongside lower demand, falling temperatures

摘要

Day-ahead power prices in the Electric Reliability Council of TexasNorth hub sank Monday as temperatures and peakload are forecast tofall Tuesday.ERCOT North Hub day-ahead on-peak fell to the low $20s/MWh onthe Intercontinental Exchange for Tuesday delivery, about $3.75 belowthe Friday settle.The ERCOT North Hub balance-of-the-day traded in the mid-$20s/MWh on Monday, $3 below where the day-ahead settled Friday.Temperatures across the ERCOT region are expected to range from6 to 8 degrees below seasonal norms on Tuesday, according to datafrom CustomWeather.Alongside the lower temperatures, ERCOT system-wide peakload isforecast to fall from 55.6 GW on Monday to 52.4 GW on Tuesday,according to grid operator data.