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US PJM power slumps as Central grid operators issue conservative operation alerts

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PJM West Hub day-ahead on-peak inched about 75 centslower during Aug. 3 trading on the Intercontinental Exchangeto price at approximately $35.50/MWh, while its correspondingreal-time contract declined some $2.50 to price at parity with theday-ahead at about $35.50/MWh for Aug. 4 delivery.Placing downward pressure on prices, the PJMInterconnection forecast a 4.3 reduction in its Aug. 4systemwide peakload demand from the day before to 119.6 GW.

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