US POWER TRACKER: Midcontinent April power rises despite mild forecasts, weak gas

April on-peak power in the Midcontinent Independent System Operator footprint has surged, despite mild weather forecasts and continued weakness in natural gas. Industry observers differ on the causes for the strength of power forwards. The Platts M2MS Power Forward curves March 6 had April on-peak power at five geographically dispersed locations averaging around $42.75/megawatt-hour, up about 5.8%April on-peak power in the Midcontinent Independent System Operator footprint has surged, despite mild weather forecasts and continued weakness in natural gas. Industry observers differ on the causes for the strength of power forwards. The Platts M2MS Power Forward curves March 6 had April on-peak power at five geographically dispersed locations averaging around $42.75/megawatt-hour, up about 5.8%Read More