Houston — Wholesale power prices in the Electric Reliability Council of Texas market fell in November both month on month and year on year, as shoulder season took hold, wind output surged and natural gas prices weakened.
With the cooler weather came higher expectations for power demand in the winter months, which caused winter power forwards to climb, in comparison with their averages in October, but they remained substantially lower than what the December and January on-peak forwards averaged last November.
Day-ahead on-peak locational marginal prices across the …
