Frigid U.S. Weather Will Lead to Highest Power Prices Since 2008 - Analysts

摘要

Freezing temperatures gripping the eastern U.S. will result in the highest electricity prices in six years for consumers in Boston, Dallas and San Francisco. Supplies of natural gas and coal will decline to six-year lows by the end of this month, government data show. The fuels are used to generate 67% of the country’s electricity. Wholesale power for use from April through June in New England traded at an average of US$62.15 per megawatt-hour on March 4 – 26% more than a year earlier and the highest for the period since 2008, according to IntercontinentalExchange and broker data compiled by Bloomberg.