Industry Analysis
Aug 10, 2023

ERCOT PPA Trend: Price Convergence at Houston & North

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.

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Industry Analysis
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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.

‍

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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
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