March 11, 2025
March 10th – The balance of the month power prices started the week lower. This was due to the weekend weather models maintaining a warm outlook. However, term markets experienced an increase because of the rise in natural gas prices. The weak liquidations and ample renewable generation in the near term helped bring March power prices down today. On the other hand, the gains in natural gas prices caused the balance of the year power prices to rise by more than a dollar.
March 7th – Despite the warmer overnight model runs, I observed that natural gas prices rallied throughout the afternoon, recovering earlier losses and ending in the green. With natural gas bouncing back with a 9.7 cent gain today, term power prices also showed some strength.
