Power curves traded sharply higher as markets shifted their focus to rising temperatures for the summer of 2018.
In ERCOT’s Houston load zone, the 12-month ATC strip jumped $7, more than 14%, to $56.27/MWh. The 24-month curve rose $4.75, about 11%, to $49.50/MWh. The calendar 2019 term added $2.55, roughly 6.5%, to $43.05/MWh.
See the full report below or view in a separate window: