natural gas prices
NYISO year-to-date monthly energy prices averaged $35.34/MWh in September, a 3% increase from a year earlier.
There is wide disagreement over how much natural gas the U.S. even has, and even more disagreement on when it will run out.
The U.S. is becoming a net exporter of natural gas for the first time since 1958, a boon to the nation but a source of concern for gas customers.
NYISO locational-based marginal prices (LBMPs) have averaged $36.35/MWh for the year through July, a 12% increase from a year earlier.
A mid-July heat wave failed to drastically alter the MISO monthly average load and energy price.
Rising natural gas prices will likely mean an end to ERCOT’s all-time low energy prices, according to the Independent Market Monitor.
FirstEnergy CEO Chuck Jones said that he thinks the “country is heading for a disaster” because of its over-reliance on natural gas for generating power.
NYISO reported that locational-based marginal prices for June averaged $31.76/MWh, nearly unchanged from May.
MISO staff and the Independent Market Monitor agreed that the surge in MISO South outages are troubling and should be addressed.
At the NYISO Management Committee, the RTO said that it declared a major emergency on May 21 after the loss of 1,000 MW of generation in ISO-NE.
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