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Likely corresponds to the nationwide spike in natural gas prices. Even in California, natural gas prices are an order of magnitude higher than usual. Prices ap
by bmurray7jhu 6y ago
Likely corresponds to the nationwide spike in natural gas prices.
Even in California, natural gas prices are an order of magnitude higher than usual. Prices appear to have hit ~$90 per quadrillion BTU, versus a typical price of ~$2 per 10^15 BTU
https://www.naturalgasintel.com/data-snapshot/daily-gpi/CALRAVG/ https://www.naturalgasintel.com/data-snapshot/daily-gpi/CALR...
- maxerickson 6y agoMichigan is about 3x for natural gas. https://www.naturalgasintel.com/data-snapshot/daily-gpi/MCWMCON/ https://www.naturalgasintel.com/data-snapshot/daily-gpi/MCWM... (I was curious and it provides a Midwest data point)
- maxerickson 6y agoHere's the Midwest electric grid: https://www.misoenergy.org/markets-and-operations/real-time--market-data/real-time-displays/ https://www.misoenergy.org/markets-and-operations/real-time-... Roughly $100.
- gshubert17 6y ago> ~$90 per quadrillion BTU I think this misreads the abbreviation MM BTU (where M in this case is the Roman numeral thousand or "mille" rather than the metric million or "mega"). 1 MM BTU = 10^6 BTU, not 10^15. A therm is 10^5 BTU. Last month I paid $77 for 117 therms, or about 66 cents/therm. This would be $6.6 per MM BTU. By the way that was 126 ccf (ccf = 100 cubic feet) or 12600 cubic feet (357 cubic meters). As you say, $90 wholesale for something I'm used to paying less than $10 for, is a big increase.
- bmurray7jhu 6y agoGood catch