Despite a hotter-than-normal summer, wholesale power prices have been flat in the third quarter compared with a year ago and Moody’s Investors Service expects full-year prices to decline by as much as 30 percent in some regions.
The price declines have been sharpest in the PJM Interconnection, New England and New York markets, Moody’s said in an Aug. 22 report. The most affected plants in the three regions are coal-fired, nuclear and renewable energy facilities with market price risk, according to the rating agency.
