New York City energy jumps to four-year high as cold sets in

New York City energy jumps to four-year high as cold sets in

Most power used on a given day is secured in the day-ahead market. Demand was recently coming in about 5% above those forecasts. So spot prices are also strong, averaging about $200 since 7 a.m. and briefly spiking to almost $948, according to the New York Independent System Operator website.

New York City electricity costs took off to a four-year high as the coldest day up to this winter spurs heating demand and natural petrol costs rise.  The average cost for on-top power on Tuesday bounced 36% to $222.97 a megawatt-hour, the most noteworthy since Jan. 5, 2018, as indicated to grid information accumulated by MCG Energy Solutions. The cost for natural gas, the main power-plant fuel in the state, was the most noteworthy for this time of year beginning around 2017.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
On Windows, you may now download games from the Play Store
On Windows, you may now download games from the Play Store
Play Store now lets you download games on Windows. In any case, the chances are that you don’t have that extra button on your Google Play store as the ...
Solution Financial Reports 2021 Year-End Financial Results
Solution Financial Reports 2021 Year-End Financial Results
Solution is reporting net income of $907,166, or $0.011, per share for the year ending October 31, 2021. This compares to net income of $400,413 or $0.005 per ...
Berthoud students raise money for classmates affected by the Marshall fire – Loveland Reporter-Herald
Berthoud students raise money for classmates affected by the Marshall fire – Loveland Reporter-Herald
The Marshall Fire, which was first reported to authorities on Dec. 30, 2021, is the most destructive wildfire in the state’s history. Nearly 1,000 homes were ...
COVID UPDATE: CT positivity rate is 9.73% |  Connecticut News
COVID UPDATE: CT positivity rate is 9.73% | Connecticut News
On Thursday, 693,386 COVID-19 cases have been reported since the beginning of the pandemic, which is up 3,036 since Wednesday. Officials say 31,201 tests were ...
Future Enterprises agrees to sell stake in insurance JV to Generali
Dovish Thailand seen among last to rise as Fed signals takeoff
Confronted by a subdued tourism recovery, tighter social distancing restrictions and weak domestic investor demand at a time of high bond supply, the Thai ...
MORNING BUSINESS REPORT: Student loan is not worth it, help with internet account, large wind farm News
Shreveport Councilman Asks State to Investigate City Finance Department | News
Nickelson included with his letter the statement Hebert made Monday during a news conference.  “Last month, the city’s interim chief financial officer ...
Laser temporarily blinds medical helicopter crew
Laser temporarily blinds medical helicopter crew
The crew member is back on the job but has experienced lingering blindness in his peripheral vision, Morreale said. “They were able to safely land in our ...
Crypto leads to massive increase in online scams
Crypto leads to massive increase in online scams
Last year, more than 95,000 people reported losing around $770 million to fraud schemes on social media. The big picture: Fraud cases from social media now ...
Centene attracted Cigna takeover interest in coming months
Centene attracted Cigna takeover interest in coming months
While other insurers may also be interested in Centene, Cigna is seen as one of the most logical partners in the current, more-rigorous antitrust environment ...
SEBI Strengthens MF Norms;  Schemes can only be closed with the consent of the majority of unit holders
SEBI Strengthens MF Norms; Schemes can only be closed with the consent of the majority of unit holders
The trustees will have to obtain consent of unitholders by simple majority of the unitholders present and voting on the basis of one vote per unit held and ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo