June 19, 2021

Transmission Outage, Cold Causes Price Spike on Long Island

Dec 15, 2014
Power prices briefly spiked above $1,000/MWh on Long Island Wednesday due to a combination of cold weather and an unplanned transmission outage. The price jolt occurred around noon and lasted for only a few minutes when the East Garden City Bank #2 line failed due to equipment issues between 10:45...
RTO Insider Energy Market

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