With a nor’easter subsiding, regional spot prices for both natural gas and electricity fell in New England, New York City and the Mid-Atlantic in the most recent price data posted Jan. 28 by the Energy Information Administration (EIA).
New York City had the highest spot power price in the nation still at $88.74/MWh, a figure which is about 15% less than the prior day’s spot price. New England had the second highest spot power price at $83.52/MWh or 5% less than the day before.
On the New England power market front, the Entergy (NYSE:ETR) Pilgrim nuclear plant in Massachusetts remained offline early Jan. 28. The plant was taken offline in connection with a distribution line problem affected by the extreme winter weather.
The Mid-Atlantic spot power price was down almost 6% to $48.12/MWh.
None of the other seven regions monitored by EIA showed spot power prices above $40/MWh.
New England and New York also saw their spot natural gas prices almost 14% and 27% respectively. New England had the nation’s highest spot gas price at $9.20/mmBtu. New York City was next at $9.19/mmBtu.
The Mid-Atlantic spot gas price was down 14% to $5.90/mmBtu.
The other seven regions monitored by EIA all show spot natural gas prices below $3.20/mmBtu.