PLATTS: 100--US Northeast peakload forecast to increase, likely easing power, gas prices
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The brief cold snap on the US East Coast has increased power and gas prices, but forecasts show higher temperatures by the end of the week, likely easing prices. NYISO and ISO-NE power prices have spiked in December, with NYISO averaging $141.48/MWh and ISO-NE $178.49/MWh. Gas prices have also surged. However, temperatures are expected to rise, reducing power demand and prices. NYISO and ISO-NE peakload forecasts show a decline in the near term.
Source: Reuters The copyright of this article belongs to the original author/organization.
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