Wholesale power prices in 2017 were stable in the east, but increased in Texas, California

U.S. Energy Information Administration ----------- Wholesale electricity prices at major trading hubs in the eastern United States during 2017 were relatively unchanged from 2016, while average monthly wholesale prices in California and Texas increased by 18% and 27%, respectively, in 2017. Less volatility in natural gas fuel prices through the year contributed to stable wholesale electricity prices in most areas of the United States, although late summer heat waves resulted in short-term price spikes in some western electricity markets. Average peak day-ahead wholesale electricity prices in regions controlled by the PJM Independent System Operator (ISO), which covers many parts of the Mid-Atlantic and Midwestern states, averaged about $34 per megawatthour (MWh) during 2017, 1% lower than in 2016. Although prices in ISO New England spiked to $75/MWh in December, the average annual wholesale price of $38/MWh in 2017 was just 7% higher than the 2016 average. To learn more click on the picture below to read the article.