New England and the East see spot power, gas prices drop

 New England and the East see spot power, gas prices drop




In what could be a sign of spring, New England and the rest of the East Coast finally saw their daily spot power prices drop well below $100/MWh and spot natural gas prices drop well below $10/mmBtu.

That's according to data posted March 9 by the Energy Information Administration (EIA).

New England had the highest reported spot power price at $67.26/MWh. That's about 43% less than the spot price posted the prior business day. New England also had the highest spot natural gas price in the nation - but at $6.00/mmBtu or 57% less than the prior business day.

New York City had the second highest spot prices for both power ($59.31/MWh) and gas ($3.12/mmBtu). The NYC spot power price was down 59% and the spot natural gas price was down about 78% from the prior business day.

Boston and New York City were both expecting to see mild weather today with high temperatures predicted in the mid-to-upper 40s, according to the National Weather Service (NWS).

On the baseload nuclear energy front, 11 of the nation's 99 reactor units were listed at zero generation March 9 by the Nuclear Regulatory Commission (NRC). Spring refueling season is starting for nuclear plants.

FirstEnergy (NYSE: FE) said March 9 that it is starting a regularly scheduled refueling and maintenance outage at the Perry plant in Ohio. A transformer replacement is also scheduled during the Perry outage, FirstEnergy said.

This article was republished with permission from




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