December 10, 2024
December 10 – The markets kicked off the week on a high note, buoyed by weekend weather models that hinted at increased demand in the 1-15 day forecast. Term power prices surged as traders reacted to the news. Looking ahead, those weather models suggest a potential return of colder temperatures towards the end of the 11-15 day period, which could give cash prices a much-needed lift.
December 6 – As we wrapped up the week, markets remained largely flat for the front of the curve, with overnight model updates showing only slight adjustments. However, the longer-term markets, particularly for 2026 and beyond, found solid support. In ERCOT, volatility was the name of the game, with current day power prices dropping nearly $20 per megawatt-hour, thanks to a healthy supply on hand.
