ERCOT spot falls on temp outlooks, forwards jump

摘要

Electric Reliability Council of Texas day-ahead power prices fell Friday on cooler temperature forecasts, while forward prices for next summer hiked on possible retirements of two coal-fired plants in the footprint by early next year. ERCOT North Hub on-peak futures fell to the mid-$20s/MWh for Monday delivery on the Intercontinental Exchange, down about $6 from the prior settlement. Below-normal temperatures were expected in the region starting early next week, with high temperatures in Houston forecast to fall from the low 90s Friday and Saturday to the high 80s Sunday, dipping to the mid-70s Monday, below the seasonal average in the mid-80s, according to CustomWeather data.