King of Power

Energy trader with a focus on US Power & Gas markets. Texas based

[King of Power @TermPowerTrader]

The politics of the grid, the economics of the grid, and the engineering of the grid, are three circles with very very very little overlap.

[Knox Harrington, PhD, MBA, ERP, CFA @amn3siak]

How ERCOT looks at PJM when it hears it may be considering changing to an energy-only market.

[King of Power @TermPowerTrader]

@abluecrab1 Oscar was Wilde for that one

[King of Power @TermPowerTrader]

@JoshuaBasseches A truly hilarious thing to post given, well, *gestures broadly at everything*

[King of Power @TermPowerTrader]

Looks like ERCOT Bal-Day is trading off on rumors a ceasefire with Iran.

[King of Power @TermPowerTrader]

@mmm_btus Every day I wake up and look at global energy prices like this

[King of Power @TermPowerTrader]

@JavierBlas Maybe we're just pricing in the mother of all global recessions?

[King of Power @TermPowerTrader]

@firstenercast Da Nile is a river in Egypt and a market state of mind

[King of Power @TermPowerTrader]

@xiaowang1984 @aniruddh_mohan I think people are willing to pay for redundancy up to a point. So in that case it becomes do I pay for grid interconnection or a 2nd turbine?

[King of Power @TermPowerTrader]

@AriPeskoe @forrest_f_ Sorry let me clarify, would utilities still be able to earn an ROE if the hyperscaler is funding the project?

[King of Power @TermPowerTrader]

@AriPeskoe @forrest_f_ How would it impact utility ROE if it's the hyperscaler capital funding the transmission expansion?

[King of Power @TermPowerTrader]

This back and forth on whether a futures curve represents a price forecast/expectation makes it abundantly clear why it is still possible to extract alpha from these markets.

[King of Power @TermPowerTrader]

@ShaleTier7 Physical commodity traders reading this tweet.

[King of Power @TermPowerTrader]

@RichardMeyerDC @Rory_Johnston Sure but backwardation is just saying, "If you can hold off on consuming today, you'll get a discount." But just because July oil futures are cheaper than April doesn't mean the market thinks oil will be cheaper in July. The curve doesn't tell you when the backwardation breaks.

[King of Power @TermPowerTrader]

@RichardMeyerDC @Rory_Johnston No, it isn't. In fact the definition of Contango/Backwardation hinges on the difference between futures prices and expected future spot prices.

[King of Power @TermPowerTrader]

@Jimmy____D @OilHeadlineNews @MarioNawfal Hey!

[King of Power @TermPowerTrader]

@HedgeDirty Broadband trading was an idea ahead of its time

[King of Power @TermPowerTrader]

@xiaowang1984 Easy to do when your fuel cost is -$8/mmBTU

[King of Power @TermPowerTrader]

-$0.50/MWh HB_West right now and if you have a gas plant out there you're printing $50 spark spreads.

[King of Power @TermPowerTrader]

Which of you power traders broke Claude trying to vibe code your DST scheduling?

[Polymarket @Polymarket]

JUST IN: Claude became confused by daylight saving time, causing an "infinite loop" bug for some vibe coders.