New England Alone in Spark Spreads
March 13, 2023
Spark spreads in New England are higher year-over-year to start March, but this region sits alone. Spreads in other major markets are lower versus the week ending March 10, 2022. The spread is the difference between the price received by a generator for electricity produced and the cost of the natural gas needed to produce electricity. It is calculated using daily spot prices and plays a key role in the business case for natural gas generators to buy gas and produce electricity.