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US POWER TRACKER: Northwest prices climb as temperatures drop, hydro remains low

November 18, 2023 Comments Off

Wholesale spot power prices climbed over 35% year over year in the US Pacific Northwest as temperatures dropped at the end of October causing heating demand to climb as hydropower generation, it’s main resource for electricity, remains lower than normal. Meanwhile, California prices dropped over 10% from a year ago, despite higher natural gas prices, on milder weather and more…