RE:Take a look at power pricesRex I think companies should be hedging Nov production at 2.80.
I would rather have 2.80 locked in and missing out on potential uo to 3.40 price than have the downside of 2.20 if it is warm temperatures.
If last week of october is warm, ng is going to tank to 2.20 or under Aeco for nov.
Not a good situation. If London and Berlin remain at high of 18 degrees and low of 13 degrees all of october, demand is just so low.
Its warm right now in Alberta, whole province tonight at midnight. 10-12 degrees that is warm night for october. Even if alberta cools next week for daily highs, the problem is the daily lows dont get below freezing even. Need even -7 nights to get some kind of heating demand going.
And wind power has been strong last two weeks in alberta. Wind is doing 21 percent of the grid in alberta right now.
Powewr prices are cheap in alberta whenever renewables are high. Price in summer got so expensive and hot weather has no wind. Right now they do have winds as falls do. Rapid temp changes can be favorable weather condisions for wind.