Houston — Weakening spot natural gas prices pulled down Southwest Power Pool wholesale power prices nearly 31% year on year in February, as wind generation continued to displace coal-fired power for a second straight month.
SPP peakload dropped 3.6% year on year to average 33,165 MW in February as wind-powered generation has averaged more than 32% of the total fuel mix so far this year, compared to coal at 28.7%, according to …
New York — NRG Energy executives said Thursday they expect power demand in the Electric Reliability Council of Texas market to increase at the fastest rate among US regional grids amid an increasingly tight supply-demand balance, which could support medium-term power prices.
“Electric demand in ERCOT continues to grow at the fastest pace in the nation, between 2% and 3% per year, for the foreseeable future,” Mauricio Gutierrez, NRG’s president and CEO, said during the …
