NH Office of Strategic Initiatives Energy Update
12
ISO-NE Wholesale Market is
Vulnerable to Winter Price Spikes
Natural Gas and Wholesale Electricity Prices Linked
Monthly Average Natural Gas and Wholesale Electricity Prices at
New England Hub
Electric Energy$/MWh
$180
Winter
2013/2014
$30
$160
$140
Hurricanes
hit the Gulf
$120
Before the
Recession and
Marcellus Shale
gas boom
Winter
2014/2015
$25
Winter
2012/2013
Winter
2017/2018
$20
$100
$15
$80
$60
$10
$40
$5
$20
So
March 2008
1000 Apr
Novemb
March
ch 200
y 2009
Novem
720
Nover
November
y 200
600
eth 2010
Novem
March
Tor Ap
Novemb
rch 2011
Novembe
Nove
2014
November 2015
March
November
March
November 29
March
Fuel $/MMBtu
-Wholesale Electricity at New England Hub (Real-Time LMP)
Natural Gas
Ice
Underlying ratura
ge data furnished by
NH Office of Strategic Initiatives | 2019View entire presentation