U.S. electricity markets faced the first cold snap of the 2024-25 winter season, leading to higher power loads amid elevated demand for space heating. The colder temperatures pressured spot natural gas prices higher which translated into higher day-ahead and real-time pricing in affected markets.
Near-term temperature forecasts point to a return to a more mild temperature pattern as the month progresses, however, suggesting a return to a more subdued pricing environment.
Detailed U.S. Power Generation Mix Charts in the PDF Below:
Power Market Headlines & Helpful Links:
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