Entries in monthly prices (29)

Friday
Dec212018

Monthly wholesale electricity prices and demand in New England, November 2018

Wholesale power and natural gas prices rose in November

Natural gas prices nearly doubled in November, pushing the average wholesale power price for the month up by 69% in the Day-Ahead Energy Market and 67% in the Real-Time Energy Market when compared to the previous year. The day-ahead energy price was $57.43 per megawatt-hour (MWh)* and the real-time energy price was $55.49/MWh.

Click to read more ...

Thursday
Nov292018

Monthly wholesale electricity prices and demand in New England, October 2018

Wholesale power and natural gas prices rose in October

Increased natural gas prices, coupled with planned refueling outages of two nuclear units, pushed up average wholesale power prices for the month of October 2018 in both the Day-Ahead and Real-Time Energy Markets when compared to the previous year. The day-ahead energy price was up 29.3% to $38.46 per megawatt-hour (MWh)* and the real-time energy price rose 24.8% to $39.58/MWh.

Click to read more ...

Friday
Oct262018

Monthly wholesale electricity prices and demand in New England, September 2018

Wholesale power and natural gas prices rose in September

Increased consumer demand for electricity, coupled with higher natural gas prices, pushed up average wholesale power prices for the month of September 2018 in both the Day-Ahead and Real-Time Energy Markets when compared to the previous year. The day-ahead energy price was up 43.8% to $33.89 per megawatt-hour (MWh)* and the real-time energy price rose 56.5% to $41.17/MWh.

Hotter-than-anticipated weather, and the corresponding rise in consumer demand, combined with unplanned generator outages to produce capacity scarcity conditions in the region on Sept. 3, 2018. Hourly average real-time energy prices rose over $2,400/MWh during these conditions at the New England Hub, a reference price for electric energy in the region.

Click to read more ...

Wednesday
Sep262018

Monthly wholesale electricity prices and demand in New England, August 2018

Wholesale power and natural gas prices rose in August

Warmer weather brought increased consumer demand for electricity, which, coupled with higher natural gas prices, pushed up average wholesale power prices for the month of August 2018 in both the Day-Ahead and Real-Time Energy Markets when compared to the previous year. The day-ahead energy price was up 57.2% to $39.16 per megawatt-hour (MWh)* and the real-time energy price rose 64.8% to $39.18/MWh.

High temperatures at the end of the month led to the region’s highest peak demand in more than five years on August 29, 2018, at 25,944 MW. The last peak to measure above this month’s peak occurred on July 19, 2013, at 27,379 MW.

Click to read more ...

Friday
Aug242018

Monthly wholesale electricity prices and demand in New England, July 2018

Wholesale power and natural gas prices rose in July

Warmer weather brought increased consumer demand for electricity, pushing up the average wholesale power prices for the month of July 2018 in both the day-ahead and real-time energy markets when compared to the previous year. The day-ahead energy price was up 19.2% to $32.89 per megawatt-hour (MWh)* and the real-time energy price rose 26.5% to $33.67/MWh.

July started in the midst of a week-long heat wave, though New England’s power system operated realiably throughout the hot, humid weather.

Click to read more ...

Friday
Jul272018

Monthly wholesale electricity prices and demand in New England, June 2018

Wholesale power and natural gas prices rose in June

Despite low power demand during June, higher natural gas prices pushed up the average wholesale power price for the month of June 2018 in both the day-ahead and real-time energy markets when compared to the previous year. The day-ahead energy price was up 5.2% to $26.82 per megawatt-hour (MWh)* and the real-time energy price rose 8.7% to $26.02/MWh.

Click to read more ...