PJM, MISO power prices continue uptrend on cold snap

摘要

1. Power packages for next-day delivery rose on the IntercontinentalExchange in Jan. 28 trading as cold temperatures pushed regionaldemand higher.2. PJM West Hub day-ahead on-peak jumped about $7.50 to pricearound $42.50/MWh, the highest price since mid-December 2020.3. In Chicago area, NI Hub rose to its highest price since August 2020to trade around $34.50/MWh.4. PJM total peakload demand for Jan. 29 is projected to remainstrong, up about 2.5% day on day at 108.19 GW, according to thegrid operator data.5. The US National Weather Service expects high temperatures inPittsburgh and Philadelphia to remain in the upper 20s Fahrenheitwith moderate chances of snow showers, while Chicago is forecastat a high of 30 F and low of 24 F, rising slightly on the day.