Western wholesale power prices in June jumped on average 26% month on month as demand increased with the continued reopening of businesses and with warmer weather moving into the region. Meanwhile, forward packages plunged on continued weak gas prices despite temperatures forecast to be above normal during the summer months, according to the three-month outlook from the US National Weather Service. Forwards remain weak Mid-C on-peak July averaged $29.35/MWh, a decrease of 47.6% from where the 2019 package averaged a year ago, according to S&P Global Platts data. The 2020 package rolled of the curve at $22.05/MWh, a package low and 54% lower than there the 2019 package ended. The […]