June 7, 2012

New York Electricity Price Spike to $1000 per MWh

New York electricity price spike to $1000 per MWh.

Per EIA and NYISO, real-time electricity prices in New York spiked to $1,000 per MWh where typical prices are in the $30 per MWh range. The electricity demand causes the spike in spot prices.

Tags: new york electricity prices, nyiso electricity prices, electricity price spike, real-time electricity prices