The market faltered at the finish line of trying to achieve a full week of advancing prices at essentially all points. In spite of rising weekend temperatures in the Midwest, the previous day’s dive of 29.9 cents by September futures following a report of an above-expectations storage injection was able to induce double-digit declines at all but one point Friday. The typical weekend fallback of industrial load was an additional, albeit minor, bearish factor.
Faltered
Articles from Faltered
As Prices Worsen, FERC Lets Power Market ‘Run Wild’
While FERC’s ability to monitor the electric power market hasfaltered, a report by a Commission task force has found that thelevel of the price spikes for wholesale power has grownprogressively worse over the past couple of summers, with thebiggest increases being seen in the eastern half of the nation.
June 26, 2000
As Prices Worsen, FERC Lets Power Market ‘Run Wild’
While FERC’s ability to monitor the electric power market has faltered, a report by a Commission task force has found that the level of price spikes for wholesale power has grown progressively higher over the past couple of summers, with the biggest increases being seen in the eastern half of the nation.
June 26, 2000
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