natural gas prices
As they have in the past four years, the trends in natural gas dominated the discussion of FERC’s annual State of the Markets report.
NYISO power prices averaged $29.91/MWh in March, down from $33.83 in February, and $34.97 the same month a year ago.
ISO-NE power prices last year climbed from record lows, but they didn't recover by much after cheap natural gas and declining demand left them at the second-lowest level on record .
CAISO defended its deployment of gas price adders that have been activated frequently in the face of cold weather, wildfires and concerns about pipeline outages.
NYISO power prices surged to an average of $99.55/MWh in January, up 89% from December and 148% from the same month a year ago.
Soaring natural gas prices, customer satisfaction and credit requirements were all on the agenda during a meeting of NYISO’s Management Committee.
Stakeholders will participate in a broad discussion of what constitutes resilience during MISO Board of Directors Week in late March.
SPP’s Marketing Monitoring Unit says it is concerned with a “marked increase” in the frequency of negative price intervals.
NYISO power prices jumped sharply in December on the back of sharp gains for natural gas stemming from extreme cold weather at the end of the month.
FERC allowed NYISO to temporarily waive energy offer caps in response to recent natural gas price spikes stemming from this winter’s extreme cold snap.
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