Power prices may rise with temperatures in N.E.

Wholesale electricity prices in the U.S. Northeast may rise as hotter weather was forecast to increased demand for power to run air conditioners, Bloomberg News Service reported Tuesday.

Power trades today for delivery Wednesday, when New York’s high temperature may reach 91 degrees Fahrenheit, up from 88 Tuesday, the National Weather Service said. Boston may reach 84 degrees, up from 82 Tuesday.

In trading Monday, power in the PJM Interconnection, a benchmark for the mid-Atlantic states, jumped $18.76, or 29 percent, to $83.31 per megawatt-hour on the Intercontinental Exchange, an electronic energy market.

Demand for electricity in New York Wednesday was forecast to peak at 28,876 megawatts, up from a high of 28,607 megawatts today, according to the state’s grid operator.

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Electricity at the New England Power Pool Monday climbed $18.45, or 29 percent, to $81.31 a megawatt-hour on the Atlanta-based Intercontinental Exchange.

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