New England spot price falls below $100/MWh

After spending more than a week with spot power prices well in excess of $100/MWh, the New England spot price has fallen to $92.81.

The $92.81/MWh price represented a decrease of more than 9% from the prior day, according to Dec. 20 figures from the Entergy Information Administration (EIA).

New England’s spot natural gas price fell more than 36% to $7.67/mmBtu, which is still the highest regional gas price in the country, according to EIA.

Boston was expected to see a high temperature of 46 degrees F on Dec. 20 with temperatures warming into the 50s for the first weekend of winter.

Outside New England, power prices ranged from $31.25/MWh in Louisiana to $51.75/MWh in the Northwest.

On Friday, Dec. 20, the National Weather Service said that “temperatures will be 15 to 20 degrees BELOW average for the Northern and Central Plains and 15 to 20 degrees ABOVE average for parts of the Lower and Middle Mississippi Valley into parts of the Tennessee and Ohio Valleys.”

There is a significant warming trend expected for the Eastern United States while another storm system is moving into the Pacific Northwest, according to the weather service.

 

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.