US Northeast power prices decline on short-lived moderate temperatures

摘要

1. Mass Hub on-peak for Feb. 3 delivery fell about $27.75 Feb. 2 on theIntercontinental Exchange to price around $152.25/MWh, withBoston high temperatures forecast in the mid-40s Fahrenheit,about 8 F above normal.2. Driven by higher temperatures, ISO New England peakload wasforecast to decline 3% Feb. 3 to 16.55 GW, compared with the Feb. 2forecast of 17.00 GW, system operator data showed.3. Forwards traded higher on ICE, with Mass Hub March on-peakjumping $16.25 on the day to price at $118.50/MWh.