Spot power prices go down; spot gas prices go up

In an unusual occurrence, spot power prices are up in each of the 10 regions monitored by the Energy Information Administration (EIA), while spot natural gas prices were up in those same 10 regions.

Houston had the biggest drop in spot power price on Aug. 12, as its price decreased almost 34% to $44.50/MWh.

The Mid-Atlantic saw the highest increase in its spot natural gas price, gaining almost 20%. The Mid-Atlantic spot gas price, however, remained the nation’s lowest at $2.90/mmBtu.

The New York Mercantile Exchange (Nymex) price for September delivery of natural gas continues to inch closer to the $4 mark, being listed at $3.97/mmBtu.

The Midwest posted a spot gas price of $4.01/mmBtu with a low spot power price of $30.09/MWh. This resulted in a very low spark spread of $2.05/MWh.

Ninety-eight of the nation’s 100 nuclear power units are online and generating power. In addition, to the Exelon (NYSE:EXC) LaSalle 2 unit in Illinois, the NextEra (NYSE:NEE) Turkey Point 3 facility in Florida was also listed at zero generation on Aug. 12, according to the Nuclear Regulatory Commission (NRC).

On Aug. 11 Turkey Point Unit 3 experienced a manual reactor trip due to a loss of instrument air, according to an NRC report.

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.