Entries in monthly prices (31)

Tuesday
Feb262019

Monthly wholesale electricity prices and demand in New England, January 2019

Wholesale power and natural gas prices fell in January

With no extended, extreme cold weather in January 2019, natural gas prices fell by more than half compared to the January 2018 price, which was driven up by a week of extreme cold. The drop in natural gas prices during January this year, as well as lower demand for electricity, pulled the average wholesale power price for the month down by 48% in the Day-Ahead Energy Market and 52% in the Real-Time Energy Market when compared to the previous year. The day-ahead energy price was $56.76 per megawatt-hour (MWh)* and the real-time energy price was $51.50/MWh in January.

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Thursday
Jan242019

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

Wholesale power and natural gas prices fell in December

Natural gas prices fell by nearly half in December, pulling the average wholesale power price for the month down by 34% in the Day-Ahead Energy Market and 48% in the Real-Time Energy Market when compared to the previous year. The day-ahead energy price was $47.31 per megawatt-hour (MWh)* and the real-time energy price was $41.86/MWh in December.

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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.

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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.

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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.

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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.

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