Incoming winter storms boost California, Southwest power dailies

摘要

Next-day power prices in California and the Southwest strengthenedWednesday as a major winter storm system made its way to California.SP15 on-peak day-ahead gained $1.25 to trade in the upper $40s/MWh on the Intercontinental Exchange for Thursday-Friday delivery.A winter storm is expected to drop heavy rain in lower elevationsthroughout California, with 2-4 inches likely in many areas, accordingto the National Weather Service. Additionally, blizzard conditions areexpected for higher elevations, with heavy snowfall in the forecast forthe Northern California Mountains and the Cascades. Later in the week,the storm is expected to move further inland and bring snow to partsof Utah and Colorado.