June 10, 2025
June 9th – Markets started the week on a downward note. Forecast models are pointing to near-normal temperatures through the end of the 11-to-15-day period, which eased some of the pressure on power prices. Despite elevated temperatures and lower renewable output over the weekend, liquidation activity remained soft. The result? A notable drop in power prices.
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June 6th – Friday told a different story. Strong congestion prints led to a spike in real-time prices. Liquidations were robust, providing support across the power curve. That strength drove prices higher, marking a sharp upward move to close out the week.