ERCOT Tracker: Strengthening natural gas boosts July power prices on year

摘要

Electric Reliability Council of Texas wholesale power prices were upsharply this July compared with July 2020, mainly due to a doubling ofnatural gas prices and as September forwards strengthened on thesame basis, albeit less dramatically due a mild weather forecast.Day-ahead on-peak locational marginal prices averaged near $50/MWh across ERCOT’s four major pricing hubs in July, up from averagesin the high $20s/MWh in July 2020, but down from this June’s averagesranging from about $49/MWh to about $54/MWh, according to S&PGlobal Platts data.