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In This List

AM Power Report: Dailies could be bolstered by load, gas prices in week's opener

Essential Energy Insights - September, 2020

Bull market leaves US utilities behind in August

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Utilities, midstream reckon with energy transformation on the horizon


AM Power Report: Dailies could be bolstered by load, gas prices in week's opener

Powerprices at the dailymarkets could be biased higher coming off the weekend Monday, July 11, asexpectations for predominantly rising demand as the fresh workweek unfoldscombine with ongoing gains at the natural gas futures complex.

ahead of theweekend, front-month August natural gas futures were extending higher overnightahead of the market open Monday, trading at $2.855/MMBtu, up 5.4 cents onshort-covering against the backdrop of a shrinking natural gas storage overhang.

In tandem with the ongoing advance in futures, next-daynatural gas prices are likely to advance in the week's opening session at mostmajor consuming hubs.

Interms of demand, forecasts suggest stronger load across the bulk of the countryas the new workweek unfolds.

Inthe Northeast, demand in New England is seen touching a high near 17,150 MW onMonday and 20,000 MW on Tuesday, while New York load should near 23,839 MW atthe start of the fresh workweek and 26,173 MW on Tuesday. To the south, PJMWestern region demand will likely crest at 66,761 MW on Monday and 70,810 MW onTuesday, while load in PJM Mid-Atlantic could peak at 44,134 MW on Monday and46,547 MW on Tuesday.

Inthe Midwest, PJM AEP region load is called to reach 19,928 MW on Monday and20,787 MW on Tuesday, while demand in PJM ComEd is seen hitting a high at17,669 MW at the start of the new business week and 18,875 MW on Tuesday.

InTexas, demand in ERCOT is projected to top out at 65,623 MW on Monday and65,293 MW on Tuesday, running against the wider uptick. InCalifornia, CAISO load could reach highs at 35,780 MW Monday and 35,700 MW onTuesday.

Interm trading, price activity for August power delivery was steady to higherahead of the weekend, as gains at the natural gas futures complex signaled anuptick in fueling costs.

Inthe East, prompt-month power values were lifted by more than $2 at NEPOOL-Massand boosted by about 30 cents at PJM West to indexes in the low $40s, whilepower pricing for September was spotted in the mid-$30s in New England and inthe high $30s at PJM West.

Inthe Midwest, the power offering for August was seen changing hands in the high$30s overall in deals up by 10 cents at PJM AD and near 20 cents higher at PJMNorthern Illinois but almost unchanged day on day at MISO Indiana. Powerparcels for September across the three hubs were transacted in the low to mid-$30s.

Inthe South, gains of about 50 cents at the ERCOT markets took price action forfront-month power to indexes spread in the low $80s, as regional pricing forSeptember power spanned the low to mid-$30s.

Inthe West, California saw power trades for August climb by near 50 cents atNorth Path-15 and rise by almost 80 cents at South Path-15 to indexes in thehigh $30s, as Mid-Columbia August advanced by roughly 30 cents to the high $20sand Palo Verde August jumped by over $1 on the session to average also in thehigh $30s. Power deals for September were done in the mid- to high $30s inCalifornia and in the mid- to high $20s elsewhere in the region.

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Marketprices and included industry data are current as of the time of publication andare subject to change. For more detailed market data, including power and natural gas indexprices, as well as forwards and futures, visitour Commodities Pages.