Spring is finally here for much of the nation –and with passage of Easter weekend, spot natural gas and power markets are looking more like a traditional shoulder season.
According to figures posted April 6 by the Energy Information Administration (EIA), the nation’s 10 organized energy markets all showed spot power prices below $36/MWh and spot natural gas prices below $3.25/mmBtu.
The Mid-Atlantic had the highest reported spot power price at $35.67/MWh. (So far for most of 2015 New England and New York City have usually taken turns having the nation’s highest spot power price).
The Mid-Atlantic also had the nation’s lowest spot price for natural gas at $1.69/mmBtu. The two figures combined to give the Mid-Atlantic the nation’s highest spark spread at $23.87/MWh.
The spark spread is a common metric for estimating the profitability of natural gas-fired electric generators.
Meanwhile, 11 of the nation’s 99 nuclear reactors were listed at zero generation on April 6, according to Nuclear Regulatory Commission (NRC) data.