Next-daypower prices at mostmajor markets across the country could see choppy moves in the Wednesday, May4, trading session, as traders look to varied demand outlooks but recent gainsfor natural gas.
in the priorsession,
In the Midwest, demand at the AEP region is seen hitting14,400 MW at midweek and 14,550 MW on Thursday. Load in the ComEd region nearChicago is called to peak at 11,050 MW on both Wednesday and Thursday.
In Texas, load on the ERCOT grid is called to reach highs at42,100 MW at midweek and 44,100 MW on Thursday. Out West, demand in Californiais likely to reach highs at 28,900 MW on Wednesday and 28,300 MW on Thursday.
Inthe East, month-ahead power transactions rose by nearly $2 to an index at about$35 at NEPOOL-Mass and climbed by 50 cents to an average at roughly $37 at PJMWest, as power deals for delivery in July at both hubs spanned the low $50s.
Inthe Midwest, gains of about 50 cents to 60 cents at the PJM markets took powervalues for June to indexes at almost $34 at the AD hub and at around $31 at theNorthern Illinois hub, as a near 90-cent increase steered MISO Indiana June toan average at close to $30. Along the forward curve, power prices for Julyacross the three hubs were pegged in the high $30s to the low $40s.
Inthe South, price activity for prompt-month power at the ERCOT markets advancedby roughly 60 cents overall to indexes ranging from about $26 to $28, asregional pricing for July power delivery spanned the high $30s.
Inthe West, trades for June power tacked on between $1 and $2 to average atalmost $26 at both North Path-15 and South Path-15 in California, as similardeals were lifted by about 40 cents at Mid-Columbia and Palo Verde to indexesatop $18 and at roughly $24, respectively. Looking ahead, power transactionsfor July were done in the low $20s at Mid-Columbia and in the low $30selsewhere in the region.
Marketprices and included industry data are current as of the time of publication andare subject to change. For more detailed market data, including power andnatural gasindex prices, as well as forwards and futures, visitour Commodities Pages.