WEST A surplus of natural gas keeping seasonal demand easily met has held spot prices below average over the past week. Forward pric-es also continue to drop as projected summer water levels in the Pa-cific Northwest have noticeably increased and forecasts of warm weather persist.
ERCOT Average real-time prices for the month to date are settling in the low $20s/MWh in every zone save the West Load Zone, where the average is over $60/MWh. However, all zones have recorded sev-eral evening-ramp hours just above $100/MWh. Term prices are up by some $0.30-$0.40/MWh for the week out the curve as the jump in gas prices has outpaced the corresponding fall in heat rates. The ORDC adder is currently less than $0.50/MWh for the month.
EAST Both Day Ahead and Real Time prices remain stable. Across the main trading hubs, Day Ahead prices are printing in the low $20s/MWh with minimal DART spreads. However, if, as anticipated, the cold front expected this weekend manages to produce the lowest temperatures of this winter so far, price spikes may ensue.