PJM West Hub spot power falls $6.75 on lower forecast peakload, spot gas prices

摘要

Mid-Atlantic and Midcontinent daily power prices were mixed Friday on varied peakload expectations and lower spot gas prices, as near-term packages indicated prices could rise on higher demand expected later next week. In the PJM Interconnection, PJM West Hub on-peak day-ahead dropped $6.75 to trade in the low $30s/MWh for Monday delivery on the Intercontinental Exchange, as AD Hub on-peak lost $4.50 to the upper $30s/MWh. Spot gas at Texas Eastern M-3 fell 60 cents to about $2.290/MMBtu.