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Northeast Power Prices Dip as Demand Slides, Plant Boosts Output

  • Electricity demand drops in both Boston and New York City
  • Entergy boosts power output at its Pilgrim nuclear plant
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Wholesale electricity prices from Boston to New York slid as demand declined and a nuclear power plant boosted production.

Electricity consumption in ISO New England Inc.’s six-state grid tumbled 5.8 percent at 3 p.m. Wednesday from the same time a day earlier, the network manager said. Demand in Manhattan and its four neighboring boroughs retreated 13 percent, according to the New York Independent System Operator Inc.