Central spot power level amid bearish signals

摘要

PJM spot electric power prices were steady on Tuesday, with slight bearish signals pointing towards lower prices. PJM West Hub day-ahead on-peak inched down about 20 cents from Monday’s Intercontinental Exchange settlement price of $18.40/MWh to trade around $18.20/MWh. Looking at forwards, there was a general downward trend seen across all months. PJM West Hub real-time package for June was trading down 70 cents around $22.05/MWh. The August package was also trading down 70 cents to price at $26.90/MWh.