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Dramatic_Mechanic815 t1_iwr4f8h wrote

Can someone explain to me why they’re saying this when natural gas prices are off their summer highs and at April 2022 prices?

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ssj2killergoten t1_iwyzbjm wrote

Every six month Eversource forecasts how much power they’ll need to buy to supply their customers. They then put a bid out for that amount. Power producers send in their bids. This latest cycle produced “very few” bids so they are saying that people need to prepare for prices to go up. There are challenges to producing power in the winter so my understanding is that producers charge more during these months.

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