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Power Market Update | 01.23.2025

Electricity markets across the United States have just finished successfully weathering elevated load due to extremely cold temperatures with market participants looking forward to calmer conditions.

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The U.S. is slowly beginning to warm after widespread arctic air blanketed much of the country over the past 4 days. The extreme cold pushed electricity demand to new winter records in PJM, ERCOT, and TVA while also straining power systems.

Electricity prices were elevated across the event with many major markets showing elevated Day-Ahead and Real-Ti…

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