ERCOT lower on projections of falling peakload

摘要

Electric Reliability Council of Texas power dailies fell by over 25% Thursday, pressed lower by a roughly 17% day-on-day decline in projected peakload and seasonal weather forecasts. ERCOT North Hub next-day power futures for Friday delivery fell more than $7.50 to the low $20s/MWh on Intercontinental Exchange, while the next-week package was valued in the mid-$20s/MWh. ERCOT peakload was set to fall from 53 GW Thursday to 43 GW Friday, 37 GW Saturday and 43 GW Sunday. Projections of falling peakload also pushed spot gas prices lower, with Houston Ship Channel prices falling 6.1 cents to trade at $2.684/ MMBtu for Friday delivery on ICE.