Commodity Market Report
Weak natural gas prices drag down power prices: ERCOT power and renewables April 2023 short-term outlook
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The combination of high natural gas prices and coal supply issues made 2022 a banner year for energy prices. Outside of CAISO, natural gas prices have fallen back to earth in 2023, and as a result power prices have dropped as well. While coal supply issues remain in place through 2024, these low natural gas prices also undercut the impact of those issues. As a result, with henry hub expected to remain below $4/mmbtu through 2027, energy prices should remain well below 2022 levels over the same period. The supply stack should continue to evolve over the next five years as well. Over 60 GW of coal capacity is expected to retire, while over 60 GW of solar and wind capacity are slated to come online as the country transitions to cleaner sources of energy.
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
Shoulder season step down: ERCOT power and renewables short term outlook April 2019
Weather and wind availability drove much of the movement in monthly generation balances and prices for April.
$2,000
Commodity Market Report
Did extreme winter weather move the needle?: ERCOT Power and Renewables short term outlook January 2019
While this year's polar vortex ripped through much of the power grid, aggregate YTD power demand loads are still down.
$2,000
Commodity Market Report
Sending mixed signals: ERCOT power and renewables short term outlook March 2019
The month of March has highlighted many of the resiliency issues the North American power grid is grappling with.
$2,000
