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Card Consolidation Credit Debt Electricity prices in the western United States more than doubled today as new forecasts called for hotter weather, which will increase demand for power to run air-conditioners.

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Credit Union Silicon Valley Power, the municipal utility in San Jose, Calif., expects demand in its service area "to spike with the heat," said Saul Lopez, a trader for the utility who was buying extra power in anticipation of increased demand on Monday.

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Merchant Credit Guide Co Utilities in the West were buying power in the volatile day-ahead market to add to electricity they generate themselves or buy under longer-term contracts. Many utilities did not supplement their supplies earlier this week, as mild weather pushed prices to a five-year low before the July 4 holiday.

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Apply Online For Credit Card Wholesale electricity for delivery on Monday at the California-Oregon border surged to $27 a megawatt-hour today from $10.50 on Wednesday, according to Bloomberg data. It was the biggest one-day gain in almost 21 months.

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By Card Credit Debt Debt Guide The border price on Wednesday was the lowest since June 1997.

Credit Repair Electricity demand in California will climb to 39,000 megawatts on Monday from a peak of 31,418 megawatts today, said Lorie O'Donley, a spokeswoman for the operator of the state's power-transmission network. The California Independent System Operator may ask power-plant owners to defer maintenance work on Monday to ensure sufficient supplies, Ms. O'Donley said.

Active Credit Credit Guide Forecasters are expecting temperatures in Sacramento to reach 98 degrees on Monday, up from 89 degrees today. That would push air-conditioner use to 30 percent higher than normal for this time of year, according to Weather Derivatives of Belton, Mo.

Credit Score "It's going to get hot and humid for a sustained period," said Dave Salmon, a forecaster for Weather Derivatives, "and that makes air-conditioners work harder and harder to keep buildings cool."

Bad Car Credit Guide Loan California "is going to be hotter than normal during the hottest time of the year," Mr. Salmon said.

Bad Credit Loan Bloomberg News - 7/6/2002

Topic: Energy

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