Spring spot markets conditions are here

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.

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.