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Wholesale power prices spike in U.S. Northeast as arctic blast arrives

Wholesale power prices spike in U.S. Northeast as arctic blast arrives

NEW YORK — Wholesale power prices jumped in the U.S. Northeast, with spot prices for Friday more than tripling in some areas as an incoming arctic blast that threatened record low temperatures kicked up electricity demand. Prices in ISO New England surged by 140% to about $237 per megawatt hour (MWh), while prices in PJM […]

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