Daily power market prices are likely to climb in what is expected to be extremely thin Easter weekend trading Friday, March 30, as demand on most regional grids looks to recover at the start of the fresh workweek, April 2.
Markets in the West are closed March 30 for Good Friday.
In the Northeast, load in New England is expected to top out at 13,750 MW on Friday and 15,180 MW on April 2. New York demand is seen peaking at 17,750 MW on Friday and 18,120 MW on April 2.
At the PJM Western region in the mid-Atlantic, demand should reach highs at 29,500 MW on Friday and 32,600 MW on April 2. PJM Mid-Atlantic region load is likely to hit 29,500 MW on Friday and 32,600 MW by April 2.
In the Midwest, demand in the PJM AEP region is likely to peak at 14,700 MW on Friday and 14,630 MW on April 2. Load in the PJM ComEd region near Chicago is seen hitting 11,100 MW on Friday and 11,800 MW on April 2.
Demand on the ERCOT grid in Texas should top out 39,700 MW on Friday and 43,800 MW by April 2.
Term power markets were aimed mostly lower March 29 despite the day's 3.5-cent advance by May natural gas futures.
New England and PJM West April power values were eyed in the high and mid-$30s, respectively. April power at the Zone G market in New York was pegged in the low $30s.
In the Midwest, April power parcels at the PJM markets were assessed in the mid-$30s at the AD hub and in the upper $20s at the Northern Illinois hub. Power for April at MISO Indiana was seen valued in the low $30s.
At the ERCOT North hub in Texas, April parcels were quoted in the high $20s, with deals for the second quarter discussed in the mid-$30s.
Out West, South Path 15 power for April delivery was seen in the low $20s, while business for the month at Mid-Columbia was reported in the low teens. Mid-C power for delivery in the second quarter was eyed in the low teens as well.
In the Southwest, Palo Verde April power was marked in the low $20s, with second quarter deals at the market assessed in the mid-$20s.
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, natural gas index prices, as well as forwards and futures, visit our Commodities pages.