Mass Hub day-ahead down $4.50 with lower power demand

摘要

Northeast daily power prices dropped Monday on lower power demand expectations with temperatures forecast to return near seasonal levels. In ISO New England, Mass Hub on-peak day-ahead dropped $4.25 to trade in the mid-$20s/MWh for Tuesday delivery on the Intercontinental Exchange, as the ISO forecast peakload to drop 10.5% to around 13,525 MW Tuesday from 15,125 MW Monday. Boston’s high temperature was forecast to fall 10 degrees into the low 70s for Tuesday, near the seasonal normal, according to CustomWeather.