WEST Prices have moderated over the past week, Day Ahead prices averaging $31.33/MWh and $25.95/MWh in SP15 and Mid-C, respec-tively. So far, the wildfires have had relatively little effect on the region-al grid. Over the next week, temperatures are expected to fall and bring demand and spot prices down with them.
ERCOT Except the super-peak hours on September 12, real-time prices have settled in the high $10s/MWh over the past week. Basis is negligible for all zones but the South, where it is averaging $5.50/MWh for the month. Term prices are down in the front of the curve, mainly because of retracement in the gas curve for CY21. The ORDC adder for the month is averaging nearly $3.00/MWh, well below the $13/MWh of last September.
EAST The Northeast market has been unexciting this week, prices printing only in the mid-to-high $10s/MWh. Real Time prices, on aver-age, have printed marginally below Day Ahead across the main trading hubs. The largest DART spread has been $2.34/MWh in ISO-NE’s Mass Hub.