Western power dailies mixed as demand shows some recovery

摘要

Western power day-ahead prices were mixed Friday on the Intercontinental Exchange with demand forecast to rise Monday. Mid-Columbia on-peak package for Monday delivery rose about $1 to price around $23/MWh, trending up for the fifth consecutive trading session. The corresponding off-peak package for Sunday-Monday delivery traded just few cents lower on the day at $22/MWh, pricing slightly below on-peak. Nevada-Oregon Border on-peak ticked up $1 to price at $21/MWh. Portland high temperatures were forecast 5 degrees below normal at 54 degrees Fahrenheit Sunday and 1 degree above normal Monday. Portland low temperatures were forecast on par with average at 42 F both days, according to CustomWeather. In California, Zone SP15 on-peak jumped over $8 to price at $20.75/ MWh after hovering in $12-$13/MWh range over the last few days. Regional day-ahead on-peak packages have been weak, as lower demand and strong solar production have been pushing real-time prices across most of California into negative territory.