Highlights Cash Algonquin, city-gates surges to nearly $28/MMBtu Mass Hub weekend on-peak jumped $35 to $199/MWh ISO New England peakload forecast to reach to 19,500 MW Jan. 29 Spot natural gas and power prices in the Eastern third of the United States climbed in advance of expected demand spikes, driven by an approaching winter storm expected to slam into the US Northeast and Mid-Atlantic states late Jan. 28.
New England gas benchmark cash Algonquin, city-gates gained $4.40 to reach $27.95/MMBtu on Jan. 28, preliminary Platts settlement data shows. Other regional locations, Iroquois Zone 1 and Dracut, Massachusetts, soared above $30/MMBtu at preliminary settlement. While Northeast spot gas prices saw the most dramatic increases in Jan. 28 trading for Jan. 29-31 flows, gas benchmarks across eastern US saw substantial gains. Cash Eastern Gas, South gained 78 […]