The New York Independent System Operator (NYISO) announced it has adequate supplies to meet the state’s forecasted peak winter electricity demand of 23,893 MW. NYISO said it is stocked with a total of 43,184 MW of available supply, which includes imports from neighboring regions, leaving it “well positioned to meet this winter’s forecasted demand and…
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Articles from electricity markets
European Commission Wants to Slash Power Consumption, Cap Revenues to Tame Energy Prices
European Commission President Ursula von der Leyen on Wednesday pledged “deep and comprehensive reform” of the European Union (EU) electricity market and promised to continue exploring ways to bring down natural gas prices. The EU is being “tested” not only with Russia’s war on Ukraine, but “a war on our energy. It is a war…
September 14, 2022
European Natural Gas Crisis Spills Into Power Markets as Prices Hit Record Highs
The cost of electricity has surged to record highs across Europe this week, following a meteoric rise in natural gas prices that could pave the way for painfully high consumer rates across the continent through the winter and well beyond. Electricity futures across much of the continent jumped above 600 euros/MWh this week, an exponential…
August 25, 2022
Improved Coordination Planned by U.S. Natural Gas, Electricity Markets in Uri’s Wake
The North American Energy Standards Board (NAESB) has unanimously approved an initiative to improve coordination between the natural gas and electric markets in response to Winter Storm Uri in February. The cold snap caused widespread power outages and shut-in oil and gas production across the south-central United States. Gas-fired generation accounted for 58% of all…
December 14, 2021
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