Insight
Northeast Power Prices
Report summary
The peak winter months of 2012/2013 saw average power prices range from $20/MWh to $120/MWh. While vast parts of North America were on the lower range of $25 - $40/MWh, the northeast specifically southeastern New York and all of New England experienced prices that averaged $80 - $120/MWh. While the driving force behind these high prices was natural gas market dynamics, the implications for power markets specifically New England are significant and will ultimately mean both higher energy...
What's included
This report contains
Table of contents
- Executive Summary
- Winter 2012-’13: A sign of things to come in the Northeast?
- This winter: Deep Panuke and Spectra pipeline loosen Northeast markets
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Medium term: Markets tighten, AIM project provides temporary relief
- Probable fundamental changes
- Power Market Restructuring: Short, Medium and Long term changes
- Further upside risk: Brayton Point retirement
- Downside risk: Oil and LNG prices?
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Long term: Major pipeline capacity assumed
- Implications for Power Prices
- Key uncertainties and further analysis
Tables and charts
This report includes 7 images and tables including:
Images
- Chart 1 Average Round-the-Clock Power Prices ($/MWh) in Feb 2013
- Chart 2. New England pipeline utilization and basis
- Chart 3. Recent winter weather distributions and constraint thresholds
- Chart 4. Basis outlook: Average day versus monthly average of daily basis
- Chart 5. New England and New York basis outlook
- Chart 6. New England and New York price outlook (February on-peak prices)
- Chart 7. New England 2014/2015 winter price breakdown
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