Dry weather conditions fuel low hydropower outlook, drive record forward prices

摘要

Pacific Northwest power forwards are soaring to record levels onconcerns of above-normal summer temperatures and dry conditionsthat are causing a weak hydropower outlook, following a 2020 seasonthat brought record heat and power outages.Following the numerous late summer 2020 wildfires, utilities areincreasing proactive measures ahead of the 2021 wildfire season tobetter prepare for severe weather that could impact powertransmission and other equipment.