PJM West Hub day-ahead on-peak rose about $7.25 to around$52.25/MWh in trading July 24 on the Intercontinental Exchange,and the real-time peak contract jumped $7.75 to $53.25/MWh forJuly 25 delivery. Regional natural gas prices trended up notablyas Texas Eastern M3 was valued 39 cents higher from Platts’assessed July 24 price to $1.83/MMBtu, and in the Upper Midwest,Chicago city-gates ticked up 6 cents for next-day flows on ICE.Prices reacted to the National Weather Service forecastingthat slowing rising temperatures were “expected throughthe upcoming workweek, culminating in Pittsburgh areawidetemperature in the lower 90s” F July 28, leading West Hubbalance-of-the-week peak July 26-28 up $37 to about $124.50/MWh. In turn, PJM projected a 5.7% spike in its systemwidepeakload demand from the day before to 137.5 GW July 25.
展开▼
