PJM spot power edges lower across the board on higher temperatures, lower demand

摘要

1.PJM prices for next-day delivery fell across the board on the Intercontinental Exchange as above-average temperatures are forecast to continue for the region on March 30. Pittsburgh rose 16 degrees to stay at 72 Fahrenheit, and Cincinnati sloped 12 degrees up to also trend at 72 F, according to CustomWeather. 2.West Hub day-ahead on-peak edged about $3.75 lower to trade around $25.75/MWh, and NI Hub followed suit, falling about $4.25 to trade at $22/MWh. 3.AD also saw drops, falling about $1.25 to trade around $26.75/MWh. 4.Despite above-normal temperature trends, West Hub day-ahead on-peak prices traded significantly higher than last year levels around the same time, up 80.7% from the settlement of $14.25/MWh. 5.Day-ahead forecast demand for PJM tumbled alongside prices for March 30, falling about 1% to 80 GW from 80.9 GW forecast on the day before, according to grid operator data.