
Load Management Group
In partnership with PLMA, this group is for practitioners from energy utilities, solution providers, and trade allies to share load management expertise and explore innovative approaches to program delivery, pricing constructs, and technology adoption.
Shared Link
Dramatic Energy Price Hikes Loom on the Horizon
Customers will pay significantly more for energy this summer, according to the US Energy Information Administration (EIA). For instance, electricity prices in the Northeast regions (ISO New England, New York ISO, and PJM markets) will exceed $100 per megawatthour (MWh) between June and August 2022, double an average of $50/MWh last summer. Natural gas price hikes are driving the market: the Henry Hub averaged $8.14 per million British thermal units (MMBtu) in May 2022, compared with $2.91/MMBtu in May 2021. In the past, other sources, like coal, picked up the slack and stabilized pricing, but such offsetting is not occurring this year for a variety of reasons. One possible repercussion is a reduction in demand as consumers search for ways to limit their rapidly rising expenses.
Dramatic Energy Price Hikes Loom on the Horizon
Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government
Discussions
No discussions yet. Start a discussion below.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.
Sign in to Participate