thethoughtcrossedmymind

Wholesale Electricity Prices Fall by 51 to 77%

Electricity demand is seasonal. Look at year-over-year, not moving averages, whether 10-day, 30-day, or otherwise. Clearly demand may fall due to shrinking industrial output and pinched residential consumers. The bigger question for investors is the extent of the fall, which your moving averages overstate; just look at the late-Fall of 2006 to see that demand is still seasonally normal.