WEST Since the reopening of commercial activity, demand has rebounded slightly and been relatively stable over the past month. Nonetheless, amid healthy volumes of natural gas stockpiles and projections of hydro genera-tion at 106% of normal, forward prices have fallen.
ERCOT Term prices have climbed by $0.20-$0.50/MWh this week, mainly because of an increase in term natural gas prices. Moreover, each day this week has featured an hour or so of triple-digit real-time prices, which have brought the MTD averages for the different load zones out of the cellar and into the low $20s/MWh. The ORDC adder has also shown signs of life, hav-ing settled near $3.00/MWh for the month.
EAST This has been a strong week for summer demand and attendant prices in PJM. Three peaks have been set this week so far, and another peak is likely today. RT prices are averaging $35/MWh during on-peak hours this week and have been as high as $141/MWh during the high-demand midday hours. The overall DART spread in PJM for those on-peak hours is about $4/MWh for the week. Over in ISO-NE today, demand is meeting expectations, DA prices have leapt by an average of $8/MWh from yesterday in the on-peak hours, and RT prices have so far followed the increase in DA prices.