Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you a link to reset your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power | Natural Gas

ERCOT Tracker: Spot prices spike on record loads, triple-digit temps, light wind

Natural Gas | Natural Gas (North American)

Wildfires, pandemic and pipeline maintenance complicate US West Coast storage outlook

Electric Power

Platts M2MS-Power

Capital Markets | Electricity | Energy | LNG | Natural Gas | Shipping | Leveraged Finance & High Yield | Materials | Building & Construction | Financial Services | Banking | Infrastructure | Structured Finance

Infrastructure Summit

Coal | Emissions | Thermal Coal | Electric Power | Renewables | Natural Gas | Oil | Crude Oil | Refined Products

UK calls for greater international climate ambition ahead of Dec. 12 summit

ERCOT Tracker: Spot prices spike on record loads, triple-digit temps, light wind


Natural gas' share continues to grow

September forward up on month

Houston — Record demand and reduced wind generation caused spot prices across its hubs in the Electric Reliability Council of Texas to jump more than 375% year on year during August, which saw several days of triple-digit temperatures in most major metropolitan areas.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

ERCOT West Hub had the largest year-on-year increase of 384% and averaged around $182.25/MWh.

The smallest year-on-year increase was seen at the Houston Hub, which rose 378% to average $182.50/MWh.

PODCAST: Texas natural gas, power prices diverge during an August for the record books

ERCOT North Hub spot prices also averaged near $182.50/MWh during August, up 383% from the same month a year ago.

Month on month, ERCOT spot prices increased between 395% and 402%.

ERCOT North Hub achieved a new day-ahead on-peak locational marginal price record of $757/MWh August 16. All other ERCOT hubs also traded in the mid- to upper $750s/MWh on that day.

On August 13 and 15, real-time locational marginal prices reached $9,000/MWh and remained there for several 15-minute pricing intervals.

During August, ERCOT peakload posted several records. ERCOT peakload set an all-time record of 74,666 MW August 11, according to the grid operator, replacing the previous all-time record from July 2018.

Also, weekend peak demand records were set on August 9 and 10.

Platts Analytics Permian Oil & Gas Webinar | September 17, 2019 | 10 am (CDT)

Head into the fourth quarter of 2019 with an understanding of what is affecting the Permian oil and gas markets. Registration is free.


Compared with August 2018, ERCOT's average peakload was 7% higher. Month on month, ERCOT peakload rose 5%.

High demand caused reserve margins to drop below 2,300 MW August 13 and 15, prompting ERCOT to issue level one Energy Emergency Alerts. The last time ERCOT issued an EEA was in January 2014, according to an ERCOT press release.

Cooling degree days were up between 9% and 19% year on year across the ERCOT footprint, according to US National Weather Service data, helping elevate power demand. Also, there were between 17% and 51% more cooling degree days than normal during August across the ERCOT region.

Though power prices and demand soared during August, natural gas prices at the Houston Ship Channel fell 30% year on year to average around $2.096/MMBtu. Month on month, Houston Ship Channel spot gas fell 7%.


Natural gas generation accounted for 57% of the ERCOT fuel mix during August, up from 53.2% in July and 50.7% in August 2018. The natural gas share of the fuel mix has increased every month this year, according to ERCOT data.

In contrast, coal generation fell from 24.2% of the fuel mix in August 2018 to 17.7% in August 2019.

Wind generation declined for the fourth straight month and accounted for 14.4% of the fuel mix in August, down from 15.7% in July. In August 2018, wind generation made up 14.2% of the fuel mix.


The ERCOT North Hub September on-peak contract averaged $38/MWh in August, up 10% month on month. Year on year, however, the ERCOT September 2018 on-peak contract fell 4% in comparison with August 2018's average. Similarly, the Houston Ship Channel September contract was 26% lower year on year during August.

Through Wednesday, day-ahead on-peak power prices at ERCOT North in September have averaged $196.51/MWh, after setting a record of $973.59/MWh September 5 during a heat wave. But since September 7, that price has averaged $30.69/MWh.

The ERCOT North Hub July-August 2020 on-peak package averaged in the low $120s/MWh during August, jumping 34% month on month.

-- Kelli Ainsworth,

-- Edited by Bill Montgomery,