Despite the hype about cheap gas, pipeline constraints are creating new risks. New England’s wholesale power prices ran three times as high this past February compared to the same month in 2012....
on whether the shortage exists only in the eastern part of the ISO's control area, or statewide.
Thus, some say that the New York scheme should do a better job of distinguishing between honest economic scarcity rents in areas of true supply deficit, versus high prices in other areas that might well stem from withholding, gaming, or market manipulation.
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