ERCOT North Hub climbs as natural gas prices, demand rise

摘要

Next-day power prices in the Electric Reliability Council of Texas werepoised to rise Wednesday amid higher weather-driven demand andnatural gas prices.ERCOT North Hub day-ahead on-peak had not traded on theIntercontinental Exchange as of 10:30 am EST, but was valued in thelow $20s/MWh for Thursday delivery based on bid and offer activity, up$1.75 from the Tuesday settle.Natural gas prices at the Houston Ship Channel hub were also higherWednesday, rising 6 cents to around $1.855/MMBtu for Thursday flow.ERCOT demand is also anticipated higher Thursday. According tothe grid operator, load is forecast to peak at 48,295 MW, up 5% fromWednesday.