Power prices fall as temperature increases

Wholesale power prices in New England
fell as forecasts of milder weather signaled less heating demand,
and lower natural-gas prices reduced fuel costs for generators.

Boston’s high temperature today will rise to 40 degrees
Fahrenheit from 31 yesterday, the National Weather
Service said. The normal high is 37.

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Power for delivery today in Massachusetts dropped $7.43,
or 11 percent, to $66.19 a megawatt-hour on the Intercontinental
Exchange, an electronic energy market.

Bloomberg News

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