PJM West Hub spot jumps $6.50 on higher demand, temperatures

摘要

Rising forecast temperatures across the Mid-Atlantic and Midcontinentfor Wednesday pushed up power demand projections Tuesday, leadingto stronger power dailies across the region.In the PJM footprint, PJM West Hub on-peak day-ahead jumped$6.50 to trade in the upper $20s/MWh for Wednesday delivery on theIntercontinental Exchange.AD Hub on-peak increased $6.75 to trade in the low $30s/MWh.Texas Eastern M-3 spot gas added 3.5 cents to around $2.125/MMBtu.High temperatures across the PJM footprint were forecast higher ata range from the low 80s to low 90s Fahrenheit for Wednesday, as muchas 10 degrees above seasonal normal, according to CustomWeather.PJM forecast peakload to climb 17.2% to about 111,625 MWWednesday, as PJM peakload averaged about 101,825 MW May 25-31,an increase of 5% from the previous week, according to PJM data.In the Midcontinent ISO footprint, Indiana Hub on-peak addedabout $2.75 to trade in the upper $20s/MWh.