Palo Verde on-peak jumps to low $70s/MWh

摘要

West power dailies jumped Wednesday with rising forecastrntemperatures pushing expected demand higher.rnThe biggest gains were in the Southwest on continued abovenormalrntemperatures.rnPalo Verde on-peak day-ahead climbed $14.25 to the low $70s/rnMWh for Thursday delivery on the Intercontinental Exchange.rn"High pressure will build over the desert Southwest this week andrnexpand westward toward California starting on Wednesday across thernLos Angeles County Mountains and become more widespread byrnThursday and persist through the weekend," according to the USrnNational Weather Service. "It is still too early to predict just how longrnthis heat wave will last, however, mountains and deserts will remainrnwell above normal through Sunday and possibly into early next week."