On ICE, electricity day-ahead prices in the Eastern United States surged in March 2014. From the previous month to this month (ending March 25, 2014), the observed day-ahead monthly average prices surged in NYISO by 70% to $240 USD/MWh and in PJM North by 59% to $92 USD/MWh. On the other hand, prices dropped by 25% to $53 USD/MWh in CAISO – SP15 and by 1% to $33 USD/MWh for Entergy in the same period. Compared to last year, this year’s March electricity prices are higher in NYISO Zone, PJM North, and CAISO-SP15 by $186 USD/MWh, $56 USD/MWh, and $1 USD/MWh respectively.
The multiple polar vortices and stubbornly cold weather which dominated winter weather in 2014 had another impact even as temperatures turned warmer this month. Since higher-than-normal demand boosted power prices to unprecedented levels in the North East, the increased regulation of coal-burning and nuclear power plants has created market uncertainty. The increase in whole