US PJM power dailies ramp up on stronger demand amid cold snap

摘要

US power spot contracts on the Intercontinental Exchange saw strong surges during Dec. 16 trading for Dec. 19 delivery as winter weather and near-freezing temperatures were forecast for parts of the PJM Interconnection. PJM West Hub day-ahead on-peak spiked about $41.75 on the day to trade about $119.25/MWh and its off-peak contract rose about $29.50 to $105/MWh.