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.
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Sycamore Energy taking Manitoba Hydro to court, alleging it 'badly mismanaged' Solar Energy Program
WINNIPEG - Sycamore Energy Manitoba Hydro Lawsuit centers on alleged mismanagement of the solar rebate incentive program, project delays, inspection backlogs, and alleged customer interference, impacting renewable energy installations, contractors, and clean power investment across Manitoba.
Key Points
Claim alleging mismanagement of Manitoba's solar rebate, delays, and inducing customers to switch installers.
✅ Lawsuit alleges mismanaged solar rebate incentive program
✅ Delays in inspections left hundreds of projects incomplete
✅ Claims Hydro urged customers to switch installers for rebates
Sycamore Energy filed a statement of claim Monday in Manitoba Court of Queens Bench against Manitoba Hydro saying it…
