Jul
19
At 10:00 AM today, New England's power markets broke $600 per MWh (normally, it is $20 to $40). At 12:10, it broke $700. The peak is not expected until 3:00 PM. In the meantime, prices are volatile.
New England is out of natural gas, nuclear, coal and renewable energy (wind does not work well in the summer). It is now relying on fuel oil to fuel power plants. It is also dumping lots of water into hydroelectric units and importing power. New England can import limited amounts of power from Canada and Mid-state New York.
If you want to watch the action, visit the grid's dashboard.
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