Friday, October 05, 2012

NEI Energy Markets Report (September 24-28, 2012)

Here's a snippet of what went on in the energy markets last week:

Electricity peak prices rose across the country last week, except at the Northeast hub, where they fell $8/MWh. “As traders closed their books on September and dealt the first daily product for October, power prices drifted in mixed directions in the eastern two-thirds of the U.S. on Friday, Sept. 28. ... Across the U.S., demand remains a muted driver as the mild fall air keeps weather-related demand balanced between cooling and heating needs. However, a growing number of outages continued to lend power prices a push higher, especially with natural gas prices once again on the rise, meaning replacement generation is likely to cost more, too.” (SNL Energy’s Power Daily, 10/1/12)

Average nuclear plant availability fell one percent last week, to 83 percent nationwide. Beaver Valley 2 began a planned refueling and maintenance outage September 24. Brunswick 1, Nine Mile Point 1, and Monticello returned to service after brief maintenance outages. (Platts)

For more of the report click here.

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