NEW YORK LOCATIONAL MARGINAL POWER PRICES IN NOVEMBER LOWEST SINCE 1999
Locational marginal prices for November in New York were the lowest since the New York Independent System Operator began managing the transmission grid in 1999, Rana Mukerji, senior vice president of market structures, said Wednesday during a business issues committee meeting.
The average locational based market price for power was $24.80/MWh in November compared with $42.89/MWh in November 2014, Mukerji said. Average prices in October were $30.03/MWh.
The lower prices were directly linked to lower natural gas prices, David Flanagan, a NYISO spokesman, said Thursday.
The average year-to-date cost through November of $45.66/MWh is a 37% decrease from $72.06/MWh in the same period a year ago, Mukerji said. Average sendout was 396 GWh/d in November, higher than the 389 GWh/d in October but lower than the 413 GWh/d in November 2014.