ERCOT expects to see tight reserve margins (the excess capacity buffer during peak demand) for summer 2019, as higher forecasted summer peak load and fewer than expected new generation projects drive reserves down.
Physical gas spot prices experienced widespread increases. Boston’s Algonquin Citygate rose $5.57 (158%) to $9.10/MMBtu on Wednesday, January 30, with a weekly peak of $10.04/MMBtu on Tuesday. Transco Zone 6 NYC prices increased $9.53/MMBtu (320%) from $2.98/MMBtu to a weekly peak of $12.51/MMBtu on Wednesday, January 30.
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