With strong winter weather setting into a number of markets this year, generation balances have been sharply higher the first part of 2018 relative to last year. Average demand across New York, New England, and PJM has been more than 15-20 percent higher, respectively. In the South, average demand in some markets has been even more markedly higher. Higher demand and gas prices have resulted in stronger power pricing to start the year as well. Average daily prices in ERCOT for the first week of the year have averaged approximately 39 $/MWh and 42 $/MWh across SPP. Prices in New England and downstate New York have averaged 170-180 $/MWh. New York Zone A has averaged 111 $/MWh and even Ontario has averaged close to 50 $/MWh.