Friday, September 19, 2014
Inquirer Daily News

Power prices jump as blizzard nears: report

Marginal electric power prices rose 8-10 percent in the Northeast as heavy snow threatened major cities

Power prices jump as blizzard nears: report

"As a powerful storm moved up the U.S. East Coast... in the New England Power Pool, electricity for today surged $5.37, or 9.2 percent, to $63.61 a megawatt-hour. Power in the PJM Interconnection, a benchmark for the mid-Atlantic region, jumped $3.68, or 8 percent, to $49.46 a megawatt-hour," reports Bloomberg News here. Natural gas up a bit, too.

Joseph N. DiStefano
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Joseph N. DiStefano
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