electricity prices

Figure 2. In 2023, average wholesale electricity prices (2023$/MWh) varied strongly by region. Shown are annual average real time electricity market prices based on data from all locational marginal p ce (LMP) nodes in 2023. Energy Markets & Policy Berkeley laboratory

Exploring Wholesale Energy Price Trends: The Renewables & Wholesale Electricity Prices (ReWEP) Tool, Version 2024.1

The Renewables and Wholesale Electricity Prices (ReWEP) visualization tool from Berkeley Lab has been updated with nodal electricity pricing and wind and solar generation data through the end of 2023: https://emp.lbl.gov/renewables-and-wholesale-electricity-prices-rewep. ReWEP users can explore trends in wholesale electricity prices and their relationship to wind and solar generation. ReWEP includes … [continued]

Monthly average wholesale electricity prices at selected trading hubs Data source: S&P Global Market intelligence

Wholesale U.S. Electricity Prices Were Volatile in 2022

Average wholesale electricity prices at major trading hubs in the United States rose throughout much of 2022 and were, at times, volatile as a result of extreme weather events. The limited availability of coal to substitute for higher-priced natural gas also contributed to higher electricity prices. Prices at all electricity … [continued]