Highlights Excessive heat watch issued for inland California CAISO thermal generation up 27% month over month Southern California spot gas benchmark SoCal, city-gate climbed above $12/MMBtu for the first time since September 2021 in Aug. 15 trading for next-day flows, as the state turns to gas-fired generation to cope with higher cooling demand. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Cash SoCal, city-gates rose $1.61 to $12.455/MMBtu in Aug. 15 trading, preliminary data from S&P Global Commodity Insights shows. El Paso, South Mainline also traded above $12/MMBtu in Aug. 15 trading, as of preliminary settlement, with cash SoCal Gas and Kern River, delivered not far behind at $11.01/MMBtu and 11.015/MMBtu, respectively. Wholesale power prices also rose in Aug. 15 trading, with SP15 on-peak day-ahead trading around $149/MWh for Aug. 16 delivery on the Intercontinental Exchange. For comparison, SP15 on-peak day-ahead locational marginal […]