Weekly Energy Market Updates by Region - Archive




Issue week: June 25th, 2020  (Wk 26)





WEST The strong hydro generation keeps suppressing index prices in the Pacif-ic Northwest. Since the beginning of June, Day Ahead prices in Mid-C have av-eraged only $6.19/MWh. In CAISO, the dearth of demand due to the corona-virus and relatively mild temperatures in Southern California have yielded a Day Ahead average of $22.40/MWh for the month in SP15. In the term market, pric-es are down for Bal-2020 and CY2021 in all regions after SoCal gas announced that it expects the Aliso Canyon storage cavern to be filled to capacity by early July.

ERCOT  The rain that has peppered the Houston and Dallas areas for most of the past week has eroded peak loads by 10,000-15,000 MW from the peak loads logged early in the month. Accordingly, 7x24 real-time prices have cleared around $15/MWh. Meanwhile, the July/August on-peak summer strip has fallen from $130/MWh to $95/MWh since early June, when summer was expected to start warmer and drier than usual. Drier weather and more seasonable loads are projected throughout most of ERCOT over the next week, but wind generation, expected to be strong, could keep a lid on prices, at least in the short term.

EAST Prices have remained stable this week across most of the regional ISOs with the exception of ISO-NE, where a generator tripped yesterday to push RT prices past $200/MWh in HE19. The warmer weather has yet to trigger any CORE alerts from Calpine Energy Solutions.






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