Energy numbers show New England hits $102/MWh; regional natural gas prices rise

Spot natural gas prices inched up across the country and England saw its spot power price hit triple digits again at over $102/MWh.

Energy Information Administration (EIA) data posted Jan. 16 showed New England with the highest spot power price in the nation at $102.03/MWh. New England also recorded the highest spot natural gas price in the nation at $14.37/mmBtu.

The New England spot gas price was up almost 41% from the previous day. The spot gas price for New York City rose 39% from the prior day to $58.84/mmBtu.

In addition, daily spot natural gas prices for all 10 regions monitored by EIA increased by at least 4%.

Meanwhile, Exelon (NYSE:EXC) is returning its Dresden 2 nuclear power facility in Illinois to service. Dresden 2 was listed at 23% generation early Jan. 16, according to Nuclear Regulatory Commission (NRC) data.

Exelon had taken Dresden 2 out of service on the evening of Jan. 13 after discovering an elevated water level in the reactor. It was returned to service around 3 a.m. on Jan. 16.

Federal agencies will be observing the Martin Luther King Holiday on Monday, Jan. 19 so they won’t be publishing energy data on that day.

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.