Wholesale Electricity Prices

Wholesale electricity prices

April 12, 2016 | By Keith Martin in Washington, DC

Wholesale electricity prices were up 2.6% across the United States and Canada in 2015.

The largest increases were a 10.9% increase in Florida and a 10.2% increase in WECC excluding California. (WECC is the western US states and the two western-most Canadian provinces along the US border.) The largest reductions were an 8.0% drop in NBSO and a 7.6% drop in ISO-New England. (NBSO is New Brunswick, Nova Scotia and parts of northern Maine).

The renewable energy tax credit extensions in the United States last December are causing wind and solar companies to dive back into development. This, and the wide gap between the expected number of coal retirements compared to the amount of expected new solar capacity additions, are expected to put downward pressure on wholesale power prices.