James Moore, Energy Manager Today
May 3, 2017
Energy Research Council’s (ERC) national benchmark price for a June 2017 electricity contract fell last week by 0.87% to $0.0751 per kilowatt hour. The biggest price decline was in Illinois (-2.0%) where prices are still adjusting to the drop in capacity charges produced by MISO’s most recent capacity auction. Illinois electricity prices are now 8.3% lower than they were this time last month. Prices also declined last week in Rhode Island (-2.0%), Connecticut (-1.9%), Maine (-1.4%), and New York (-1.2%).
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