Western Wholesale Power Markets on the Intercontinental Exchange Experienced Varied Price Movements November 18 for Next-Day Delivery
California's on-peak power rates remained relatively stable, with a slight decrease in activity and prices influenced by cooler temperatures and consistent supply levels. However, other regions experienced notable changes: the Northwest saw significant increases in both on-peak and off-peak rates, while the Southwest reported decreases in on-peak and off-peak rates due to the anticipated drop in temperature in Desert Southwest states, including a 7-degree drop in Phoenix expected to push temperatures significantly below average.
