ERCOT next-day rises on higher demand; forward prices fall

摘要

Next-day power prices in the Electric Reliability Council of Texas footprintrose Wednesday on higher demand and warmer weather expectedThursday, while forward prices fell slightly on weaker gas futures.North Hub day-ahead on-peak for Thursday delivery was valued inthe mid-$30s/MWh on the Intercontinental Exchange, up about $5from Tuesday's settle, but still below where the balance-of-the-weekpackage for Friday delivery was traded. However, it was higher thanthe next-week on-peak package.The grid operator projected systemwide peakload at 54.3 GWWednesday, rising to 61.5 GW Thursday and 62.2 GW Friday beforefalling to an average 61 GW next week through June 12.High temperatures in Houston were set to rise to the low 90sThursday, flat with seasonal norms, from the mid-80s degreesWednesday, CustomWeather data showed.