Mass Hub up $5.75 on regional temperature spike

摘要

Mass Hub on-peak day-ahead traded $5.75 higher day on day at$32.25/MWh for Wednesday delivery on the Intercontinental Exchange.In parallel with regional power prices, the natural gas price atAlgonquin city-gate gained 30 cents to $2.642/MMBtu for next-daydelivery on ICE.These price movements emerged as high temperatures in BostonWednesday were forecast to spike 11 degrees on the day to 85 degrees,according to CustomWeather data. In anticipation of the heat, ISO NewEngland forecast peakoad demand to increase 18.8% on the day to18,500 MW from 15,570 MW Tuesday. Month-to-date, ISO New Englandpeakload has averaged at 15,000 MW.