Highlights Zone K power prices surge over $1,500/MWh Multiple transmission, supply outages: LIPA Lower demand, temperatures expected week of Aug. 16 A heat wave that moved through the Northeast US coincided with transmission outages on Long Island to result in significant power price volatility, with real-time power prices bouncing from minus $3,800/MWh to over $1,500/MWh Aug. 11 and 12. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The local utility provider called on customers to cut power usage Aug. 13 as extreme heat continued to stress the power grid. During a period of “sustained extreme heat and humidity and the successive failures of third-party owned supply systems,” Public Service Enterprise Group Long Island is “now urging all customers on Long Island and in the Rockaways to reduce electric use as much as possible during the peak hours of 3 pm and 7 pm Aug. 13,” […]