Next-day prices in the Electric Reliability Council of Texas were weakerThursday, pushed down by falling demand and cooler weather expectedon Friday, while wind generation remained strong so far this month.ERCOT North Hub next-day on-peak futures for Friday deliverywere bid in the low $30s/MWh on the Intercontinental Exchange, downabout $1.25 from where it traded on Wednesday.According to the latest forecast, the grid operator projected itspeakload to fall over 2% from 66.2 GW Thursday to 64.6 GW Friday.Further out, peak demand was expected to average at around59.5 GW over the weekend and average 65.8 GW next week throughAugust 16.North Hub next-week on-peak package was framed in the high$30s/MWh.North Hub on-peak futures for August 20-24 delivery was bid in themid-$40s/MWh and its counterpart for August 27-31 delivery was bid inthe low $50s/MWh.
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