Last week MDN told you about a spike in natural gas and electric rates in New York City and New England, thanks to the cold snap and lack of natural gas pipelines into the region (see NatGas Prices in Boston, NYC Double in One Day, Electric Up 55%). Natgas spot prices at Algonquin Citygate (Boston) had spiked to $9.69/Mcf. This week the price is up again–now at $11.97! It’s the same pattern for NYC.
Last week MDN told you about a spike in natural gas and electric rates in New York City and New England, thanks to the cold snap and lack of natural gas pipelines into the region (see 