ISO NE Was Trending Toward $1,000 / MWh Earlier This Morning -- March 29, 2022

Updates

Later, 7:27 p.m. CT: a reader explains how to read the graphics at ISO NE:

 It is tough keeping up with all these rapidly evolving events. 

If you click/tap on the top of that spike on the 5 Minute LMP graph, the precise number will show/display. 

Alternately, one can click/tap the 3 grey horizontal lines atop the graph (the default 'chart' icon is next to it), and one can scroll through all the exact pricings which are recorded in ~ 5/10 minute increments. 

From 5:05 to 5:20 AM this morning, spot wholesale prices were $896/Mwh. Simply insane. 

I checked neighboring PJM's site for comparative purposes, but they have changèd the format so as to be difficult to navigate. However, Real Time wholesale spot at 5:15 PM was $74 in PJM region while New England was over $250. 

[My hunch: this is where the wind turbine companies really make their money.] 

ISO NE: I posted the rush hour commute numbers earlier this morning.

But I missed this. 

Note that electricity costs spiked trending toward $1,000 / MWh:

Currently, ISO NE demand is a paltry 13,000 MW and electricity is still over $100 / MWh. 

Boston will get down to 26°F overnight.