End of Week Note
Written on by Sean Dookie.
Between a below estimate storage injection, a drop in daily production, extended heat through the SW/TX/Gulf regions, and more locally, SoCalGas delaying Aliso Canyon injections for another 2 weeks and recent SoCal Border curtailments, we're seeing the highest delivered prices since Feb '23.
And here is a prime example of how natural gas drives power prices here in CA. CAISO prices are up over $81 to end this week.