SP15 on-peak spot drops $5.75 on lower spot gas, power demand forecast

摘要

California and Southwest power dailies dropped on lower expectedpower demand and lower spot gas prices, as power forwards jumpedon higher gas forwards and higher temperature probability.In California, SP15 on-peak dropped $5.75 to trade in the low $20s/MWh for Thursday delivery on the Intercontinental Exchange, as offpeaklost 50 cents to trade in the low $20s/MWh.Spot gas at the SoCal city-gate fell 9 cents to around $2.400/MMBtu.