PJM power prices trend up as demand rises

摘要

1.1The PJM West Hub day-ahead on-peak package traded July 31 in the mid $20s/MWh, up about $1.50 from the previous Intercontinental Exchange settled price. 1.2Turning to the weekend, PJM West Hub on-peak weekend package was trading under $24/MWh day on day. 1.3Looking at futures, the August package traded in the high $20s/MWh. 2.1PJM peakload demand is forecast to rise to 121.5 GW on August 3 from 119.2 GW on July 31, according to PJM data. 2.2PJM MidAtlantic region was driving this increase, gaining about 4.7 GW over the same time frame. 2.3Peakload demand is forecast to bottom out at 117.9 GW on August 1 for the PJM region, which could be why the weekend package is trading lower than the day-ahead package.