yodamonkey1
yodamonkey1 t1_iyb7r1z wrote
Reply to comment by buried_lede in Wholesale price of gas paid by power plants by buried_lede
I know we don’t want to admit defeat as nutmeggers but we are hosed when it comes to power and gas supply in the winter. Our summer prices are nothing special compared to Texas, but the Nepool winter future contract prices are 3x higher than ercot summer.
yodamonkey1 t1_iyb6o65 wrote
Reply to comment by buried_lede in Wholesale price of gas paid by power plants by buried_lede
Sure they do. Look at the Nepool power prices…product code NEP on that report.
yodamonkey1 t1_iyb52bf wrote
Reply to comment by buried_lede in Wholesale price of gas paid by power plants by buried_lede
It is the highest. Search for ALG. The prices are in $/mmbtu
yodamonkey1 t1_iyb2iz3 wrote
For winter contracts, New England gas IS the most expensive in the country by far.
yodamonkey1 t1_iycp8mq wrote
Reply to comment by buried_lede in Wholesale price of gas paid by power plants by buried_lede
We are severely constrained in terms of getting molecules to be sent our way. Our power grid is heavily reliant on natural gas. We have to compete with Europe who is paying a premium for LNG shipments. The risk is Europe and NE get cold and LNG prices double to hit their European price cap. Double those ICE prices I sent and you can see we are in quite a pickle. There are no bluffs you can call unless you can convince people to not run their boilers/heaters/lights during the winter.
As for residential vs power plant price differences, the base price is generally what you see on ice +/- whatever adders the local distribution companies might charge.