ERCOT next-day power dips on lower demand expected, forward prices fall

摘要

Next-day power prices in the Electric Reliability Council of Texas footprintfell Tuesday on lower demand and cooler weather expected Wednesday,while forward prices were lower despite steady gas futures.North Hub day-ahead on-peak for Wednesday delivery traded in thehigh $20s/MWh on the Intercontinental Exchange, down about $4.50from the Monday settle and much lower than the balance-of-the-weekpackage in the mid-$30s/MWh and next-week counterpart in the low$30s/MWh.The grid operator projected its systemwide peakload to fall from61.5 GW Tuesday to 54.6 GW Wednesday, before rising to 61.6 GWThursday and 63.8 GW Friday.High temperatures in Houston were set to fall from the low 90sFahrenheit Tuesday to the low 80s Wednesday, as much as 8 degreesbelow normal, according to CustomWeather data.