NYISO: June power prices were lowest on record
In a market report issued for its Business Committee meeting this week, the New York ISO said June locational-based prices were the “lowest LBMP for the month of June during NYISO operation.”
June prices of $28.19 were lower than the $32.98/MWh recorded in May, as well as $43.39/MWh in June of last year. Day-ahead and Real Time Load Weighted LBMPs were also lower compared to May, the grid operator said.
Some of that is on cheaper fuel: The ISO said natural gas and distillate prices were both lower compared to the previous month. Natural Gas at the Transco Z6 NY point was was $2.34/MMBtu, down 11% from $2.65/MMBtu in the month before, and down 28% year-over-year.