Current Month Markets
DA and RT markets both saw significant declines this weekend as 50 degree temperatures blanketed the east coast. This is shaping up January to be a very interesting month with record setting cold on in the first two weeks offset by record warmth for the remainder of the month. Given current levels and the warm guidance through the remainder of the month, we can expect DA and RT to continue coming off their beginning of the month highs.
||MTD DA Settle ($/MWh)
||MTD RT Settle ($/MWh)
As forecasts warmed up significantly in the last week there remains a great deal of movement on the February contract. Supporting higher prompt month prices is a call for another round of cold sometime in the middle of the month. Volatility will likely remain very high as traders try to time the cold blast ahead of securing profits. Beyond that, market have remained relatively range bound and will likely remain there until a better idea of end-of-season gas storage frames up the supply picture for the spring and summer months.
More Municipalities Seek Approval For Opt-Out Aggregations In New York
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Reporting by Paul Ring • firstname.lastname@example.org
The Municipal Electric and Gas Alliance (MEGA), which is already an approved administrator for various community choice aggregations (CCAs) in New York, has filed with the PSC for authorization to offer opt-out aggregations in several additional municipalities.
MEGA has sought authorization to expand its opt-out aggregations to the Towns of Spencer, Hancock, and Nelson, and the Villages of Horseheads and Naples
The Town of Spencer and Villages of Horseheads and Naples would be included in MEGA’s NYSEG C Aggregation Group, and the Town of Hancock would be included in MEGA’s NYSEG E Aggregation Group.
The Town of Nelson would be served via the creation of a new MEGA Aggregation group, National Grid C.
MEGA has submitted local approval packages for each of the above municipalities to the PSC