Large Price Increases Sock New England, Pacific Northwest
The US Energy Information Administration reported that wholesale, on-peak electricity prices were up across the nation from 2012 to 2013, especially in New England and the Pacific Northwest. The price increases were driven largely by increases in spot natural gas prices.
Electricity in the Pacific Northwest is typically among the least expensive in the nation because of the regional concentration of hydroelectric generation. A dry spring contributed to prices not dropping to as low as 2012 levels.
Colder-than-normal temperatures in December led to short-term spikes in both the natural gas and power markets.
Cold weather taxed the strained natural gas pipeline system in New England, leading to day-ahead power prices in excess of $200 per MWh in January and February 2013. Cold weather in late November and early December led to a second spike in both the natural gas and power markets.
A cool August kept power prices low in Texas in 2013. Higher natural gas prices caused most of the other wholesale power markets in the country to have higher electricity prices in 2013.
- 6 Steps from Getting the Most From Every Lighting Retrofit
- Act Local, Think Global: To Drive Agrifood Supply Chain Sustainability
- Essential Guide to Lighting Retrofits and Upgrades
- 2014 Environmental Leader Product and Project Awards
- Trends in Energy Management: Where Should Your Next Investment Be?
- The CFO and the Sustainability Reporting Chain
- NAEM Trends Report: Planning for a Sustainable Future
- The Top 5 Things You Should Know about Big Energy Data
- Integrated Building Optimization
- What You Need to Know About Demand Charges
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement