ERCOT real-time prices plunge by almost half on year, due to wind, pandemic

摘要

Weak power demand likely linked to the novel coronavirus pandemiccombined with stronger wind output to push Electric Reliability Councilof Texas real-time prices down by almost half this June, comparedwith June 2019.In light of the market’s performance so far, industry observersexpressed doubt that prices will recover or exceed 2019 levels the restof this summer.Through June 28, ERCOT Hub real-time on-peak locationalmarginal prices averaged just $16.78/MWh, down from $32.23/MWh inall of June 2019, according to S&P Global Platts’ price database.