US POWER TRACKER: Western prices falling on above-normal temperature forecast
Western US power forwards are falling on lower gas forwards and the likelihood of warmer-than-normal weather in the coming months due to El Nino conditions, as spot prices averaged 27% lower year on year in November from lower gas prices and increased hydro generation. Power forwards are following lower gas forwards, as the three-month outlook shows a greater probability for… Western US power forwards are falling on lower gas forwards and the likelihood of warmer-than-normal weather in the coming months due to El Nino conditions, as spot prices averaged 27% lower year on year in November from lower gas prices and increased hydro generation. Power forwards are following lower gas forwards, as the three-month outlook shows a greater probability for… Read More
