Electricity Price Trends
PRICE TRENDS AT KEY TRADING POINTS ($/MWH)
In cash, HB_North averaged $25.92 for the peak day-ahead hours and $22.21 for peak real-time hours last week (4/17-4/12). However, the focus has been on Houston, especially on Saturday when a ten degree temp spread between it and Dallas coupled with line outages caused the Hub to become constrained and clear over $245 for the peak sixteen (1x16) hours with four triple digit hours and one hour averaging almost $2,000. Because of this, May Houston/North, which was trading at $7 on Friday, was lifted at $8 this morning on ICE.
12 MONTH STRIP PRICE
May17 contract for PJM WH RT is trading down $(0.70) this morning, trending with prompt month gas. This week is peak outages in PJM, with planned outages peaking around 45 GW this week. Power basis markets are continuing to collapse towards zero in the short term as Pennsylvania and New Jersey basis pricing have been printing between -$1 and $0 in the cash and BGE and PEPCO have been printing between $0 and +$2 on most days.
Natural Gas Price Trends
NORTHEAST SPOT NATURAL GAS PRICES ($/MMBTU)
NYMEX HH 5-YEAR FUTURES