The Texas PUC recently discussed a proposal in ERCOT to place a $2,000/MWh cap on the Day-Ahead market pricing to promote more balance between Day-Ahead and Real-Time markets by pushing volatility into the Real-Time.

Notable gains continued through the forward curve for northeastern markets, particularly in the near term. Gains were largest in ISONE as eastern gas basis points traded higher throughout the week, especially for the upcoming October 2019 contract due to maintenance on the Algonquin gas pipeline.

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