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Market News

Ever since the natural gas price spikes of late 2005 through 2006 (precipitated by the supply disruptions of Katrina and Rita) and continuing through the speculative bubble spike climaxing in 2008, folks on the consultant side of power procurement have enjoyed a fairly easy sell .

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A year ago, ERCOT was an “energy only” jurisdiction and envisioned to continue to be such as it’s the design that Texas deregulation was based on and was providing satisfactory results. In a recent PUC meeting (September 28th) discussion concerning the amount of contemplate.

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News (particularly headlines) focuses on spot natural gas prices rather than the entire forward curve. When this writer was spec trading, nothing was more profitable (or fun) than to get long spot (or short), take an opposite position in a deferred contract, and hold on for the i.

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Today the PUCT approved to raise the System Wide Offer Cap (SWOC) to $4,500/MWh ($4.50/kWh) starting on August 1, 2012. Click on the link below for more information..

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