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August DMA Report

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Summary:

Market Analysis Report for July 2001, Board of Governors Meeting, September 20, 2001

Extract:

Real time electricity and ancillary service prices decreased in July compared to June due to high generation availability and lower natural gas prices. On average, the price of real time electricity in July decreased 40% to $63/MWh from the June average of $104/MWh. Although loads increased in July compared to June as warmer temperatures increased cooling demand, loads declined from July 2000 levels showing visible conservation efforts. Total load in July was down 4.37% from July of last year. The California Energy Commission (CEC) provides refined estimates of conservation after normalizing for growth and weather conditions. In July, the CEC calculated that the growth and weather normalized demand for monthly energy dropped by 5.2 percent from July 2000.

Document Locations:

• Market Monitoring - 1999 - 2001 Reports and Presentations