Highlights Algonquin city-gates, Iroquois Zone 2 spike Algonquin J-system flows restricted to zero Power plant, LDC demand on Algonquin surge Natural gas prices in New England are up sharply over past several days as strong demand on Algonquin Gas Transmission collides with a planned service outage on the pipeline, prompting the system operator to impose operational flow orders to manage system pressure and deliveries. On July 20, the cash market at Algonquin city-gates surged to nearly $23/MMBtu, more than doubling on the day. At Iroquois Zone 2 spot prices jumped to nearly $21. At both locations, prices are up from weekend settlement levels at under $7/MMBtu, Intercontinental Exchange and Platts data showed. Earlier this week, constraints on Algonquin began lifting spot gas prices at the Boston-area city-gate. Since at least July 16, capacity on Algonquin’s […]