ERCOT North Hub spot shed $1.75 on subdued demand

摘要

Electric Reliability Council of Texas power dailies fell Wednesday on areduced demand forecast.In ERCOT, North Hub on-peak day-ahead shed about $1.75 andtraded in the upper $20s/MWh for Thursday delivery on theIntercontinental Exchange. On July 17, 2018, North Hub on-peak dayaheadsettled in the upper $160s/MWh.Temperatures across Texas were forecast to stay near seasonalnorms in the mid-90s Thursday, according to CustomWeather.ERCOT forecast systemwide peakload to rise to about 70,575 MWThursday, around 1% higher on the day. A year ago on July 18,systemwide peakload hit 72,200 MW, only 2% lower than the all-timehigh of 73,300 MW on July 29.