What’s Keeping the Lights On?

Welcome to Grid Brief! Today we’re looking at power generation and power prices in America’s power markets, with news items where relevant.

What’s Keeping the Lights On?

Let’s start with a snapshot of generation nation-wide:

Total generation grew nation-wide over the week with natural gas at the forefront and nuclear swapping second with wind.

And here’s a map to orient you as we move through the market areas:

CAISO

California had a mild load all week with solar and gas swapping the number one spot with each other.

Yet, despite the low load, CAISO saw real-time price spikes at the five-minute increment in PG&E’s footprint.

New York-ISO

Natural gas, nuclear, and hydro kept the Empire State humming as it moved through a week of low total generation.

And yet day-ahead and real-time prices saw some really rough divergences: in mot areas, day-ahead rarely sat above $40/MWHr regardless of region, but throughout the week in multiple regions, real-time prices punched above $100/MWHr, and sometimes hit nearly $300/MWHr.

The Danish firm Copenhagen Infrastructure Partners has acquired 1.3 GW of New York onshore wind.

Subscribe to Premium Subscription to read the rest.

Become a paying subscriber of Premium Subscription to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In

A subscription gets you:
Daily newsletter
International markets report
What's keeping the lights on
Friday deep dive