Western US spot power prices plunge as natural gas prices reach record lows

摘要

Several power trading locations in the Western US havereached record lows, with some prices falling to single digits, asspot natural gas prices plunged to the lowest levels in nearlythree years on low demand and strong hydro generation.Sumas spot natural gas reached a record low May 13 asCalifornia gas-trading locations sank later in the month. Californiapower prices reached record lows earlier in the month.