On the Intercontinental Exchange (ICE), electricity day-ahead prices fell in three of the four observed North American markets in first half of April 2014 when compared to last month. From March 2014 to mid-April 2014 (ending April 15, 2014), the observed day-ahead monthly average prices on ICE dropped in NYISO by 69% to $55 USD/MWh, in PJM North by 56% to $40 USD/MWh, and moderately in Entergy by 1% to $33 USD/MWh. On the other hand, prices slightly increased by 1% to $53 USD/MWh in CAISO-SP15 in the same period.
Warmer weather in the city of Chicago and New York put downward pressure on prices this month. Interestingly enough, the April 2014 prices in PJM North, Entergy, and NYISO were below the past twelve-month average by $11 USD/MWh, $2 USD/MWh, and $30 USD/MWh respectively. However, CAISO-SP15 was above the twelve-month average by $1 USD/MWh for the same period.
Data Sources: ICE