Whoo-Hoo! Least Expensive Electricity In The US In October? Texas -- EIA -- December 27, 2020

Link here.

Electricity monthly update, October, 2020, EIA: link here. 

Daily peak prices, per MWh:

• Texas (ERCOT): $15.50, October 19, 2020
• Louisiana (into Entergy): $17
• New York City (NYISO: $18
• New England (ISONE): $18
• Mid-Atlantic (PJM): $19
• Midwest (MISO): $20

But then look at this, where California experienced its hottest October on record, average temp:

• southern California (CAISO): $113
• northern California (CAISO): $111
• southwest California (Palo Verde): $83

One more reason why California companies are moving to Texas. 

Narrative:

Most electricity systems experienced peak demand levels typical of shoulder months with mild weather. The highest daily peak demand in October for New England (ISONE), New York State (NYISO), and the Mid-Atlantic (PJM) remained below 56% of each systems’ all-time peak. In the Midwest, daily peak demand in MISO remained below 62% of that systems’ all-time peak. Southern Company stayed below 67% of its all-time peak.

These low demand levels present great opportunities for system operators to perform maintenance this month in-between the higher demand summer and winter seasons.

Progress Florida and Texas (ERCOT) demand levels continued to be more summer-like as temperatures remain elevated in those areas deeper into Autumn.

The highest demand levels’ relative to normal occurred in California, where the CAISO system hit 85% of its all-time maximum level as California experienced its hottest October on record.