The ten deciles in ISO NE are not linear. As one goes up the scale, the range increases markedly. By the time we get to the 7th decile, price-spreads are remarkable, to say the least:
- 1st decile: under $0
- 2nd: a $20-spread, $0 - $20
- 3rd: a $20-spread, $21 to $40
- 4th: only a $30-spread, $41 to $70
- 5th: still only a $30-spread, $71 to $100
- 6th: a $50-spread: from $101 to $150
- 7th: where we find ourselves this morning, a $50-spread; from $151 to $200
- 8th: a huge $300-spread, from $201 to $500
- 9th: a whopping $500-spread, from $501 to $1,000
- 10th: over $,1000 / MWh
Updates
Later, 6:30 a.m. CT: the original post was just after midnight, earlier "this morning." It's gotten worse. All of New England, with minor exceptions has now moved to "orange," the 7th decile (it may have been higher overnight), with electricity trending toward $175 after spiking to $125 / MWh around 2:00 a.m. It didn't stay there long but since 4:00 a.m. it's been going back up and is now around $175 / MWh. Note "renewable" contribution. It's gonna be a long winter.
Electricity just spiked to nearly $150 / MWh. At midnight?
Price of electricity in the "yellow' -- at the 6th decile.
With renewable energy, it should be running close to "free," we were told.
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