Industry Analysis
Published
•  Published
August 10, 2023

ERCOT PPA Trend: Price Convergence at Houston & North

Jeremy Zelinger
Head of Strategy & Marketing

Since launching our marketplace in April, we've observed an interesting trend in ERCOT: prices at Houston Hub and North Hub have converged.

In April, there was about a $6/MWh discount at North vs Houston. Since then, prices are down 7% at Houston, and up 5% at North, converging at about $51.50/MWh.

In addition, developers have been inconsistent when pricing at North Hub. We’ve seen offer deltas of over $10/MWh for similar products.

‍

demo time

Get Started

Interested in joining the marketplace? We’d be delighted to set you up.

Schedule Demo
RenewaFi is the marketplace for wholesale renewables in ERCOT, helping sophisticated market participants source and evaluate hedges.
product
HomePricing
company
About UsCareers
resources
BlogFAQCode of ConductTerms of ServicePrivacy PolicyRisks
contact
info@RenewaFi.com+1 (443) 421-2659
RenewaFi LLC (“RenewaFi”) offers a renewable energy marketplace. Users are cautioned that the RenewaFi marketplace is not a “swap execution facility” or registered as such with the Commodity Futures Trading Commission (CFTC). Unlike an exchange or a swap execution facility, the RenewaFi marketplace is not designed for RenewaFi market participants to place orders for standardized and tradable financially settled contracts, or to execute such contracts on the RenewaFi marketplace. The RenewaFi marketplace is a tool primarily used to help RenewaFi market participants source and interpret information. Further, users and other RenewaFi market participants will not be permitted to initiate auctions, nor should they submit proposals, to enter into a renewable energy transaction, unless the transaction is intended to be physically settled. Auctions for financially settled renewable energy transactions cannot and should not be conducted on the RenewaFi marketplace.
‍
Information provided on this website is not to be considered advice, and the use of this website does not establish a customer relationship with RenewaFi. Commodity trading can be complex and involves substantial risk of loss. The use of RenewaFi software or services does not guarantee performance. RenewaFi does not provide legal services or advice. Renewable energy participants should hire and retain professional legal counsel prior to using RenewaFi software and evaluating or executing any commodity transactions.
All Content © RenewaFi. 2023 - All Rights Reserved.