Boston to Washington Power Prices Jump as Heat Boosts Demand
This article is for subscribers only.
Spot wholesale electricity prices increased from Boston to Washington as unusually hot weather stoked demand for air conditioning.
Power consumption in the Northeast and mid-Atlantic regions moved above the grid operators’ forecasts. The high temperature in New York City reached 84 degrees Fahrenheit (29 Celsius), 10 above normal, while Washington jumped to 92, AccuWeather Inc. said on its website.