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March 24, 2023
Home » Imports, Not DR, Caused Heat Wave Price Crash
Unexpected imports from New York — not the mobilization of demand response — caused power prices to crash July 18 after spiking to $465/MWh amid the hottest day of the summer, PJM officials told members Thursday. LMP prices jumped from nearly $300 for the hour ending 1 p.m to $465...
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