What did happen from 10AM to noon-ish yesterday
1. Demand in New England exceeded what the day-ahead market had cleared
2. Natural gas production dipped by TWO GIGAWATTS for ??? reasons
What did happen from 10AM to noon-ish yesterday
1. Demand in New England exceeded what the day-ahead market had cleared
2. Natural gas production dipped by TWO GIGAWATTS for ??? reasons
For context: Yesterday, Sunday 1 Dec, wholesale electricity prices in New England ping-ponged between $60/MWh (a bit high) and -$40/MWh (negative!) from 10AM to noon…and then prices escalated to a peak of $185/MWh on 1 Dec and $205/MWh at 4AM today.
For context: Yesterday, Sunday 1 Dec, wholesale electricity prices in New England ping-ponged between $60/MWh (a bit high) and -$40/MWh (negative!) from 10AM to noon…and then prices escalated to a peak of $185/MWh on 1 Dec and $205/MWh at 4AM today.