This is not a market I follow closely, but I do wish I owned a storage facility that serves NYC… Here is the story from CNN and Bloomberg:
“The spot price of electricity was $94 per megawatt hour at 2:30 p.m. as the heat climbed over 90˚F. A reading from 3:30 p.m. — shortly after a storm warning — put the price at $1,042 per megawatt hour. The increase was reported earlier by Bloomberg News.”
Here are current prices in NYState:
The CNN article is here:
Here is the NY ISO site:
http://www.nyiso.com/public/markets_operations/market_data/maps/index.jsp
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