Editor's Note:
Power dailies could unravel at the start of the abbreviated workweek Tuesday, May 29, on the back of predominantly deflated demand expectations for Wednesday.
Natural gas markets will also be watched by participants. At last look near 6:30 a.m. ET, the June contract, which rolls off the board at the close of business this afternoon, was up 1.1 cents to $2.950/MMBtu. July natural gas futures were 2.3 cents higher at $2.986/MMBtu.
On the demand side, forecasts suggest generally declining load as the holiday-shortened workweek unfolds.
In the Northeast, demand in New England is expected to see highs at 16,800 MW on Tuesday and 14,800 MW on Wednesday, while load in New York is called to reach 22,873 MW on Tuesday and 20,499 MW on Wednesday. In the mid-Atlantic, PJM Western region demand could crest at 70,550 MW on Tuesday and 62,362 MW on Wednesday, while PJM Mid-Atlantic load could hit highs at 40,097 MW on Tuesday and 34,927 MW on Wednesday.
In the Midwest, demand in the PJM AEP region could peak at 20,689 MW on Tuesday and 19,355 MW on Wednesday, while load in PJM ComEd could reach highs at 18,552 MW on Tuesday and 13,969 MW on Wednesday.
In the South, Texas load should near 65,961 MW on Tuesday and 66,781 MW on Wednesday, bucking the dominant downtrend. In the West, California demand will likely top out at 33,331 MW on Tuesday and 29,057 MW on Wednesday.
In forward trade, June power prices were mixed with an upside bias ahead of the Memorial Day weekend on supportive midrange weather outlooks.
In the East, transactions for month-ahead power delivery were near unchanged in the high $20s to the low $30s in New England and up 20 cents in the high $30s at PJM West. Power deals for July were assessed in the high $30s in New England and the low $40s at PJM West.
In the Midwest, PJM AD June was roughly 40 cents stronger on the day in the high $30s, while PJM Northern Illinois June was flat in the low $30s, and MISO Indiana June was 5 cents softer in the mid- to high $30s. July power was quoted in the high $30s to the low $40s overall.
In the South, ERCOT North saw pricing for prompt-month power surge by nearly $30 to the high $120s into the low $130s, while hub activity for July power spanned the low $150s.
In the West, a 25-cent gain took Palo Verde June to the high $30s, as better-than-70-cent gains steered June power to the high $10s at Mid-Columbia and also the high $30s at South Path-15. Along the forward curve, power for July delivery was marked in the low $30s at Mid-Columbia and the low $50s elsewhere in the region.


Market prices and included industry data are current as of the time of publication and are subject to change. For more detailed market data, including power and natural gas index prices, as well as forwards and futures, visit our Commodities pages.
