Winter storms in: North America power and renewables short term outlook December 2017
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.