US POWER TRACKER: West power prices plunge on year on El Nino impacts
US West power forwards are trending roughly 50% lower than year-ago packages on weaker gas forwards and above-normal temperatures forecast with El Nino weather conditions to linger into spring. El Nino conditions, which typically occur January through March, tend to bring more rain to the US Southwest and warmer-than-normal temperatures. The three-month outlook indicates a greater probability for above-normal temperatures… US West power forwards are trending roughly 50% lower than year-ago packages on weaker gas forwards and above-normal temperatures forecast with El Nino weather conditions to linger into spring. El Nino conditions, which typically occur January through March, tend to bring more rain to the US Southwest and warmer-than-normal temperatures. The three-month outlook indicates a greater probability for above-normal temperatures… Read More
