The Southeast spot electric power market trended downwards on Monday, with temperatures remaining relatively steady. Into Southern day-ahead on-peak moved up on the day, trading on the Intercontinental Exchange at around $16.50/MWh, lower than Friday’s assessment of $18.50/MWh. Into GTC day-ahead on-peak trended in the same direction, trading around $20/MWh, about $1.50 under Friday’s assessed price. Temperatures were forecast to stay around the same level. According to CustomWeather, Atlanta temperatures were expected to decrease by only 1 degree, falling from a high of 69 degrees on Monday to 68 degrees on Tuesday. Demand in the region tracks with temperatures. According to Platts Analytics, demand is expected to rise about 1%, from 65,000 MW on Monday to 65,700 MW on Tuesday. Turning to the Electric Reliability Council of Texas, spot power prices moved up day on day.
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