Forward Curves In Focus

July 08, 2025 

Pricing for two markets, PJM W and ERCOT N, are worth watching based on last week’s action.

These four tables utilize Three Exponential Moving Averages (TEMA) methodology for 2026-2029 RTC strips.

TEMA is a popular indicator used to analyze the direction of a trend. TEMA looks to eliminate market noise, smooth price fluctuations and eliminate lag. TEMA identifies trends (uptrend, neutral, downtrend) based on the position of the short Exponential Moving Average (EMA) versus the two longer EMAs. In this case, a 10-day EMA versus a 20-day EMA and a 50-day EMA. This table illustrates trends for RTC power calendar strip curves from 2026 through 2029, derived from proprietary data.