Spot power and gas prices in the Central and Northeast regions jumped notably June 4 as a warm spell was forecast to move into the region. Spot power prices in the Central region for June 7 delivery saw double digit spikes on the Intercontinental Exchange as the US National Weather Service forecast a warm spell to move into the area through June 12. PJM issued a Hot Weather Alert on June 4 in response to the higher incoming temperatures to go into effect June 6 and June 7. PJM West Hub day-ahead on-peak climbed about $12.50 on the day to trade around $45/MWh as Pittsburgh temperatures were forecast up 12 degrees to 88 Fahrenheit for June 7, and AEP Dayton Hub followed closely, rising about $11.50 to trade at $44/MWh. West Hub prices for this […]