US Northwest spot gas prices fall on stronger hydropower generation

摘要

1. Cash prices for next-day flows of gas in the US Northwest traded lower on May 6, as higher hydropower generation in the Bonneville Power Administration, or BPA, footprint cut into regional demand for gas-fired power. 2. Northwest, Canada border (Sumas) shed 7.50 cents to settle at $2.685/MMBtu, while Stanfield, Ore., settled 6 cents lower at $2.71/MMBtu. 3. BPA hydropower generation has started May off strong, averaging 170,072 MWh/d for May 1-5, according to data published by the federal agency. This was around 32,000 MWh/d, or 23%, higher than its April average of 138,765 MWh/d. 4. Thermal power generation has averaged just 5,078 MWh/d so far in May, down 70% from averaging 16,786 MWh/d in April.