Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Apr 17, 2018

As Marathoners Shiver, Boston Power Prices Surge on Cold: Chart

(Bloomberg) -- Boston Marathon runners facing the coldest start in 30 years weren't the only ones stung Monday morning. Power traders were caught off guard by the brisker-than-expected temperatures, dark clouds and rain, and that caused wholesale electricity prices in Boston to climb above $200 a megawatt-hour for the first time in a month. In addition to the demand surge, supplies from New York were reduced because two nuclear reactors and a transmission line from Quebec were shut down, Genscape Inc. analysts Michael DuBois and Robert Lance said in emails.

To contact the reporter on this story: Jim Polson in New York at jpolson@bloomberg.net.

To contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Margot Habiby, Will Wade

©2018 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search