Power forward prices traded sharply lower in ERCOT, but traded modestly higher in the other major ISOs.
The 12-month ATC strip in ERCOT’s Houston zone plunged $12.35 (26%) to close the week at $34.91. the 24-month strip dropped $6.75 (16%) to $35.62. The calendar 2019 term lost $0.95 (2.5%) to $36.45/MWh.
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