Cheaper gas, milder forecasts may weaken Southeast US power prices in summer 2023

摘要

Wholesale power prices in the Southeast US in the summer of2023 may average a fraction of their corresponding spot indexesin the summer of 2022, judging by power and natural gas forwardtrading and current long-term weather forecasts.For example, Platts assessed Into Southern on-peak powerforwards for June through August at less than $50/MWh April 26,compared with more than $150 for day-ahead on-peak bilateralindexes for the same period of 2022, according to SP GlobalCommodity Insights.