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Southwest Power Pool sets new winter peak demand record

The Southwest Power Pool set a new winter peak demand record of 37,780 MW, the grid operator said.

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SPP set the new record at 7:21 am Friday, beating the previous record of 37,412 MW set January 18, 2016.

North Hub on-peak day-ahead LMP was $33.91/MWh for Friday delivery, compared to the month-to-date average of $30/MWh. South Hub on-peak day-ahead LMP was $33.44/MWh for Friday, compared to the month-to-date average of $34.43/MWh. In comparison, December 2015 North Hub on-peak LMP prices averaged $17.98/MWh while South Hub averaged $20.46/MWh.

High temperatures in Tulsa and Omaha reached 34 Friday, 15 degrees and 17 degrees below normal.

On Friday, SPP's lead fuel source was coal at 54.2% [442,884 MWh/d], followed by natural gas at 24.5% [199,900 MWh/d], wind at 12.7% [104,091 MWh/d], nuclear at 6.1% [50,221 MWh/d] and hydro at 2.4% [19,652 MWh/d], according to Megawatt Daily Market Fundamentals Data.

--Kassia Micek, kassia.micek@spglobal.com

--Edited by Derek Sands, derek.sands@spglobal.com