With some of the warmest fall weather in the last ten years, prices averaged fairly soft at $32.45/MWh. September prices averaged 34% down year over year at $36.05/MWh. Remaining demand destruction and high thermal availability were contributing factors. Significant trades into Q1 have created volatility in the near term curve we expected to see – as positions are closed out, monthly bullet pricing is moving on a daily basis.
Gas prices tumbled 18% this week to $1.59/GJ. Settles were weak with the mild weather. We have officially entered the Winter contract.
All eyes are on the media this week – following COVID case counts across Alberta. With the warm weather, many have their fingers crossed it continues to hold out for Halloween – which may look a little different this year but has been given the go ahead so far.