Palo Verde drops $5.75 on warming temps

摘要

US West Coast spot power prices fell in trading Tuesday as forecasts called for mostly rising temperatures across the region while demand was expected to decrease. Palo Verde day-ahead on-peak tumbled about $5.75 to trade around $19.75/MWh for Wednesday delivery on the Intercontinental Exchange. Palo day-ahead off-peak fell about $5.50 to trade around $19/MWh. Phoenix high temperatures were forecast to rise several degrees to the mid-80s on Wednesday, just above the seasonal high of 82 degrees, with lows expected to increase to the upper 50s, according to data from CustomWeather.