East Coast power prices remain in triple digits

Much of the East Coast continues to swelter in a July heat wave and that’s reflected in spot power prices well above $100/MWh in key markets.

The Mid-Atlantic reported a spot price of $157.18/MWh for delivery on July 17. That’s according to data from the Energy Information Administration (EIA).  Meanwhile New York City and New England reported spot prices $138.75 and $129.51 respectively.

By contrast, the spot power price for Southern California was pegged at $48.28.

Weather forecasts in New York, Boston and Washington, D.C., all predicted high temperatures in the 90s for July 17.

While the spot price for natural gas modest nationally, at $3.68, New England reported a spot natural gas price at $8.01/mmBtu.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.