Western power dailies boosted by colder weather

摘要

A cold, wet weather system moving into the region lifted next-day on-peak power prices in the Northwest and Southwest on Wednesday. In the Northwest, Mid-Columbia on-peak day-ahead rose $2.75 and traded in the low $60s/MWh on the Intercontinental Exchange for Thursday-Friday delivery. Mid-Columbia off-peak jumped $4.75 and traded in the upper $50s/MWh. According to CustomWeather, Portland high temperatures are expected to drop from the low 50s Wednesday to the upper 40s Thursday and Friday, with lows ranging from the low to mid-40s. The weather system moving into the West is expected to be accompanied by rain and, at higher elevations, snow, according to the National Weather Service. Inflows at the Grand Coulee Dam are forecast to rise about 5,000 cfs from Wednesday to Thursday, according to data from the Northwest River Forecast Center. In the Southwest, Palo Verde on-peak day-ahead traded in the low $40s/MWh, up $1 day on day.