Commodity Market Report
North America power markets short-term outlook: October 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
After a challenging start to 2024 due to the cheap natural gas price environment, power prices have rebounded over the second half of the year in conjunction with recovering natural gas prices. This sets the stage for 2025 and beyond. Though warmer than normal winter weather forecasts have softened the front of the natural gas price curve, there remains the expectation of gradually increasing prices over the next five years. When this is pitted against demand growth driven by large loads and the resulting tighter supply stacks, there is a lot of upside potential in power prices over the short term across many regions of the country.
Table of contents
- The need for supply is a major theme across many markets in North America
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Regional product markets short-term outlook October 2023
Monthly forecast of regional refining economics, regional demand and supply by product along with stock forecasts and a net trade forecast
$1,900
Market Report
2026 ERCOT BESS revenue outlook
2026 ERCOT BESS revenue outlook
$5,990
Insight
Energy Pulse: How the US power system coped with the threat from Winter Storm Fern
Strong performances from gas and coal-fired generation prevented blackouts for most American consumers, despite record cold in some areas
$3,000
