Pricing and Trends

 HOEP 30 day trailing average (all hours)            $26.76 /MWh       Previous Report     $28.23

HOEP 30 day trailing On Peak average                $31.91                                             $31.01

HOEP 90 day trailing average (all hours)              $31.77                                             $33.84

HOEP 90 day trailing On Peak average                $36.44                                             $37.30

 Current Term Prices (indicative only) 

 Market Commentary

 The wholesale market power price (HOEP) continues to be low at the half way point of April (right around $26.50 /MWh).  Pickering Nuclear generating station is completely shutdown for about 6 weeks so that OPG can perform maintenance on the vacuum building there.  This event takes place about every 10 years as a safety measure.  Darlington was shut down for a similar period of time last year for the same reason.

 We will likely see somewhat higher HOEP for the next month or so, since without the baseload nuclear power from Pickering, natural gas and coal as well as some run-of-river hydro plants may supply power instead at a higher cost.  HOEP may rise by $20 to $40 /MWh at times, but overall should be fairly reasonable, since we are entering the shoulder months, so demand is low.