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Boston Power Falls as Mild Weather Reduces New England Grid Use

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Spot wholesale electricity slid in Boston as lower-than-normal summer temperatures cut demand and cheaper natural gas prices reduced generators’ fuel costs.

Consumption on the ISO New England Inc. network was 18,433 megawatts at 12:15 p.m. New York time, below the day-ahead forecast of 19,190 megawatts, according to the grid’s website.