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AM Power Report: Dailies set to end week choppy amid jumbled demand, fluctuating gas

Mirroringa mixed session onThursday, powerprices at the daily markets could post varied moves in the week'sclosing session Friday, July 22, as traders look to varied post-weekend demandoutlooks and recent volatility at the natural gas futures complex.

Atlast glance, August natural gas was trading 1.6 cents higher at $2.708/MMBtu,extending the 3.4 centsadded in the previous session.

Onthe demand side, grid operators across the country anticipate diverging load atthe start of the fresh workweek on July 25.

Inthe Northeast, stronger load is in store, as demand in New England is called toreach 22,600 MW on Friday and 23,670 MW on July 25, while load in New York isforecast to hit a high at 28,792 MW on Friday and 29,770 MW on July 25. In theMid-Atlantic, outlooks suggest mixed load, as PJM Western region demand is seencresting at 74,887 MW on Friday and 74,708 MW on July 25, while PJMMid-Atlantic load is expected to top out at 51,654 MW on Friday and 56,593 MWat the start of the new business week.

Inthe Midwest, demand in the PJM AEP region could hold firm at a high at 21,336MW on Friday and 21,407 MW on July 25, while load in PJM ComEd could decline totouch a high near 19,683 MW on Friday and 19,012 MW on July 25.

Inthe South, load in ERCOT could slump to a peak at 67,678 MW on Friday and66,817 MW at the return of the workweek.

Inthe West, demand in CAISO should near 42,279 MW on Friday and 41,846 MW on July23, but should rebound July 25 as full industrial and commercial demandtypically recovers coming off the weekend.

Interm trading, gains at the natural gas futures arena that drove fueling costshigher encouraged the upside to prevail in price activity for August powerThursday, except in the South, where substantial losses occurred.

Inthe East, prompt-month power deals rose by about $1 to the high $30s atNEPOOL-Mass and climbed by almost $3 to the low $40s at PJM West, as powertrades for delivery further out to September ran through the low $30s in NewEngland and through the high $30s at PJM West.

Inthe Midwest, a better-than-$1 increase at MISO Indiana and gains on either sideof $3 at PJM AD and PJM Northern Illinois steered month-ahead power pricing toindexes in the high $30s overall, as price action for September power acrossthe three hubs spanned the low $30s.

Inthe South, the ERCOT markets saw price action for front-month power defy thewider uptrend with a near $18 decline across the board to indexes in the mid-to high $50s, while regional pricing for September power was spread in the low$30s.

Inthe West, transactions for August power in California added roughly 60 cents atNorth Path-15 and tacked on nearly 90 cents at South Path-15 to average in thehigh $30s at both hubs, as similar deals advanced by almost $2 to the low $30sat Mid-Columbia and ascended by around $3 to an index also in the high $30s atPalo Verde. Looking ahead, power trades for September were done in the mid- tohigh $30s in California and in the high $20s to the low $30s elsewhere in theregion.

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Market prices and included industry data are currentas of the time of publication and are subject to change. For more detailedmarket data, including power andnatural gasindex prices, as well as forwards and futures, visitour Commodities Pages.