WECC power markets short-term outlook January 2016
Power demand in the current outlook remains steady; however, downside forces are accumulating. Declines in power prices are partially being offset by increasing implied market heat rates. However, recent and forthcoming capacity additions in ERCOT continue to compress prices. In other markets, nuclear retirements will have a significant impact on Northeast operations. In the WECC, the 2016 Pacific Northwest hydro run is expected to be about 6 percent lower than previously forecasted.