Market tightness sparks ERCOT summer prices to surge to all-time high

摘要

Supply tightness due to generation retirements, allied with uncertainty in weather and wind patterns, is boosting power prices in the Electric Reliability Council of Texas footprint for the upcoming summer after a number of years where scarcity pricing has been absent, according to data. The ERCOT North Hub August on-peak forward price settled at $161/MWh on Friday, the highest level since S&P Global Platts started tracking it in 2013, after a week-on-week increase of $44, according to Platts M2MS data.The August contract has risen more than 45% in February and about 66% so far in 2018, with the largest day-on-day increase on Friday, when it rose about $26.