ERCOT prices climb on stronger gas prices, demand and lower wind forecast

摘要

1. Next-day power prices in the Electric Reliability Council of Texas climbed on Dec. 30 on higher natural gas prices and power demand but lower wind generation. 2. ERCOT North Hub next-day on-peak added $5.75 to trade in the mid $20s/MWh on the Intercontinental Exchange for Dec. 31 delivery. The next-day off-peak price rose $4 to the upper $10s. 3. At the Houston Ship Channel, the spot natural gas price rose 11 cents to around $2.467/MMBtu for Dec. 31 flow. 4. The grid operator expects power demand to peak near 47,950 MW on Dec. 31, up 5% on the day. 5. High temperatures throughout the ERCOT region are forecast to fall 7 to 14 degrees on the day, according to the US National Weather Service.