Winter continues to strain grid, impact power prices

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Four regions saddled with repeated freezing temperatures continue to suffer through spot power prices in triple digits along with unusually high natural gas prices.

According to Energy Information Administration (EIA) figures on February 12, New York City has the highest spot power and gas price at $219.44/MWh and $22.80/mmBtu.

The second highest set of prices is found in New England at $192.45/MWh and $21.50/mmBtu. The Mid-Atlantic recorded prices of $131.11/MWh and $17.47/mmBtu. The Midwest is listed by EIA at $104.01/MWh and $8.24/mmBtu.

As high as the prices are, the big majority of EIA’s 10 reporting regions showed decreases in spot power and natural gas prices.

Meanwhile the Southeast is being hammered by what the Weather Channel has dubbed winter storm Pax.

A very complex weather pattern will continue to affect the southern U.S. through Thursday, February 13, according to the National Weather Service (NWS). “A mixture of winter weather hazards, including heavy snow and freezing rain will continue across the Southeast Wednesday before moving up the Eastern Seaboard, where it will affect parts of the Mid-Atlantic and Northeast into Friday,” according to NWS.

As of early Wednesday February 12, Birmingham and Atlanta are bracing for “wintry mix.” Charlotte is expecting several inches of snow. Several inches of snow are also forecast up the East Coast in locales like Washington, D.C., Philadelphia and New York.

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