NYISO locational-based marginal prices averaged $63.70/MWh in February, up from $37.83/MWh the previous month and more than triple the $21.11/MWh average in February 2020, Rana Mukerji, senior vice president for market structures, said in delivering the monthly operations report to the Business Issues Committee on Wednesday.
Day-ahead and real-time load-weighted LBMPs came in higher compared to January, and Mukerji attributed the difference to higher natural gas prices and a much colder February this year than last.
Year-to-date monthly energy prices averaged $52.90/MWh, a 108% increase from $25.40/MWh a year ago. February’s average sendout was 434 GWh/day, up from 427 GWh/day in January and 417 GWh/day a year earlier.
Transco Z6 hub natural gas prices averaged $5.22/MMBtu for the month, up from $2.94/MMBtu in January and up 179.8% year-over-year.
Distillate prices rose compared to the previous month and were up 6.2% year-over-year. Jet Kerosene Gulf Coast averaged $11.79/MMBtu, up from $10.45/MMBtu in January. Ultra Low Sulfur No. 2 Diesel NY Harbor averaged $12.71/MMBtu, up from $11.17/MMBtu in January.
February uplift increased to -15 cents/MWh from -31 cents/MWh in January, while total uplift costs, excluding the ISO’s cost of operations, came in higher than those in January.
The ISO’s local reliability share jumped to 15 cents/MWh in February from 9 cents/MWh the previous month, while the statewide share climbed to -30 cents/MWh from -40 cents/MWh.
The Thunderstorm Alert cost in New York City was $0.