SP15 dailies drop $3.25 to near $18/MWh

摘要

Falling weekend demand weighed on West day-ahead power pricesrnThursday amid higher spot gas prices.rnIn California, SP15 day-ahead on-peak sank more than $3.25 to $18/rnMWh on IntercontinentalExchange for Friday-Saturday delivery. Offpeakrnprices eased 25 cents to about $16.50/MWh, while the balanceof-rnthe-month on-peak package was around $21/MWh.rnSpot gas prices at PG&E city-gate rose 3 cents to $1.895/MMBtu forrnflow Friday and SoCal city-gate gas gained 4.7 cents to $1.712/MMBtu.rnCalifornia ISO projected demand to drop over the weekend, peakingrnnear 27,975 MW Friday, 25,850 MW Saturday and 25,625 MW Sunday.rnIn the Southwest, Palo Verde day-ahead on-peak tumbled $1.25 torn$14.75/MWh. Off-peak prices ignored regional weakness, however,rnedging 25 cents higher to about $14/MWh. The balance-month on-peakrnpackage was near $15.75/MWh.