New England Spot Power Prices Spike
BOSTON -- - Spot electricity prices in the New England Power Pool increased today as cold weather was expected to take over the Northeast.
Day-ahead power prices in NEPOOL gained $1.75 today, to average $51.00 a megawatt hour, a Bloomberg survey shows. High temperatures in Boston were forecast to drop over the weekend to 39 degrees Fahrenheit Sunday and 44 degrees Monday from today's high of 51 degrees, according to Lexington, Massachusetts- based Meteorlogix.
Weather Derivatives Inc., of Belton, Missouri, reported Monday's expected heating demand across New England was 43 percent above normal.
The Nuclear Regulatory Commission's Operations Center said all nuclear power plants in NEPOOL were running at full capacity this morning.
Electricity prices for next week delivery rose 50 cents today, averaging $50.50.
Related News
Coronavirus puts electric carmakers on alert over lithium supplies
BEIJING - Western Lithium Supply Localization is accelerating as EV battery makers diversify from China, boosting lithium hydroxide sourcing in North America and Europe, amid Covid-19 disruptions and rising prices, with geothermal brines and local processing.
Key Points
An industry shift to source lithium and processing near EV hubs, reducing China reliance and supply chain risk.
✅ EV makers seek North American and European lithium hydroxide
✅ Prices rise amid Covid-19 and logistics constraints
✅ New extraction: geothermal and oilfield brine projects
The global outbreak of coronavirus will accelerate efforts by western carmakers to localise…
