Commodity Market Report
Power prices face downward pressure in the short term: Northeast power and renewables October 2023 short-term outlook
Report summary
After a slow start to 2023, extreme heat over the summer finally brought with it some volatility (without strong natural gas prices, as was the case in 2022), but this was mostly felt in ERCOT. As a result, forward curves have more or less tracked natural gas prices in most markets, again apart from ERCOT which witnessed a steep climb in future power prices with little-to-no movement on the natural gas price side. Overall, with cheap natural gas prices forecasted on the horizon, along with a growing amount of renewable capacity (over 60 GW of solar and wind capacity in the next five years), current expectations are for prices to resemble 2021 in most markets as opposed to the fireworks witnessed in 2022 and 2023.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Power prices face downward pressure in the short term: WECC power and renewables October 2023 short-term outlook
After a slow start to 2023, extreme heat over the summer finally brought with it some volatility, but this was mostly felt in ERCOT.
$2,000
Commodity Market Report
Power prices face downward pressure in the short term: Southeast power and renewables October 2023 short-term outlook
After a slow start to 2023, extreme heat over the summer finally brought with it some volatility, but this was mostly felt in ERCOT.
$2,000
Commodity Market Report
Power prices face downward pressure in the short term: ERCOT power and renewables October 2023 short-term outlook
After a slow start to 2023, extreme heat over the summer finally brought with it some volatility, but this was mostly felt in ERCOT.
$2,000