Electricity Markets All electric in the near-term markets fell in response to the tumbling underlying cost of natural gas. Winter peaks in ISO-NE dropped as strong storage numbers and prolonged reopening procedures drive down demand concerns.
Electricity Markets The NYISO and ISO-NE continued their upward trend as mild temperatures persisted and the Northeast continued through their re-opening procedures. PJM and ERCOT both declined on average with the most significant week-over-week change observed in Texas as anticipated summer peaks in July dropped once again.
Electricity Markets All ISOs, with the exception of ERCOT, saw a week-over-week gain. ISO-NE experienced its largest jump in the near-term; long-term pricing remains a very good value across all regions. NYISO movement may be related to the recent shutdown of the first of Indian Point Nuclear Power Plant’s two generators.
Electricity Markets Each of the ISO’s saw a small gain in electric pricing over the report week with the exception of ERCOT which had a considerable spike upward. Texas is forecasting very high temps into the early and mid-part of June. The potential for record demand levels and price spikes in Texas continues to exist.
Electricity Markets Electric prices in NYISO, ISO-NE and PJM fell over the report week while ERCOT had a sharp turn upward.
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