PJM power prices fall with demand set to drop 12%

摘要

Mid-Atlantic power dailies sank Monday ahead of lower temperaturesand weaker power demand.PJM West Hub day-ahead on-peak fell $6.25 to trade in the upper$20s/MWh on the Intercontinental Exchange for Tuesday delivery.AD Hub day-ahead on-peak shed $3.50 and traded in the low$30s/MWh.PJM system-wide peakload is projected to plunge 12% Tuesday to105,370 MW, according to the grid operator.High temperatures across the PJM region are forecast to rangefrom the mid-70s to low 80s Fahrenheit, down as much as 11 degreesday on day, according to CustomWeather data.