Southern California, Southwest power prices continue to drop

摘要

Southern California and Southwest power dailies continued to fallTuesday, pulled down by falling temperatures, demand and gas prices.SP15 on-peak day-ahead shed $3.75 to trade in the low $20s/MWhon the Intercontinental Exchange for Wednesday delivery. The off-peakday-ahead also traded in the low $20s/MWh, about $3.50 above theon-peak price.The spot natural gas price at the SoCal city-gate fell 31 centsTuesday, averaging $2.898/MMBtu for Wednesday flow.