PJM, MISO power prices stay mostly level with natural gas prices unchanged

摘要

PJM spot power prices remained relatively steady Thursday, withnatural gas prices staying on course after falling dramaticallyWednesday.PJM West Hub day-ahead on-peak traded down around $18.50/MWh on the Intercontinental Exchange, falling about 50 centsWednesday’s ICE settlement of $19.05/MWh.Natural gas prices remained at the same level as the day prior,which could lend support to why power prices did not movesignificantly. Texas Eastern M-3 hardly dropped from the Wednesday’ssettled price of $1.280/MWh, trading around $1.278/MMBtu. Michconalso stayed relatively steady, increasing by less than 1 cent to tradearound $1.519/MMBtu.