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Market Analysis - Memorandum

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Summary:


Market Analysis Report for April 2002, Board of Governors Meeting, May 21, 2002


Extract:

The ISO's real-time energy market has enjoyed relative stability since the fall of 2001. Increased hydroelectric output due to spring runoff in the Northwest has resulted in lower total cost to load, averaging $41 per megawatt-hour (MWh) in April, compared with $44/MWh in March. The average prices for real-time incremental (INC) and decremental (DEC) energy in the ISO's real-time energy market were $53.14 and $3.79/MWh in April, compared with $51.85 and $12.29/MWh in March, respectively.


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