PJM Interconnection On-Peak Power Prices for November 24th Delivery Decrease Despite Projections for Increased Demand
The electric power market experienced significant price drops for on-peak power prices in PJM Interconnection's hubs, despite initial projections of increased demand, with West Hub and AEP Dayton seeing reductions of approximately $13. In contrast, MISO and SPP's South Hub saw more modest declines, while the Southwest Power Pool's South Hub day-ahead peak number rose by $1.50 due to an expected increase in demand. The price fluctuations come as forecasters predict warmer temperatures across the regions, with cities like Chicago, Philadelphia, and Pittsburgh expected to reach highs around 55 degrees Fahrenheit on November 24th, according to the National Weather Service.
