What’s Hot…..Can You Say New York?

Posted By on July 6, 2010

By Christopher Martin        July 6, 2010

    The New York Independent System Operator, which controls the state’s power grid and market, ordered cuts to customers that participate in demand reduction programs as hot weather drove consumption near the record high.

Power demand rose to 33,450 megawatts as of 4:22 p.m., even after the grid operator asked some commercial customers in the city, representing about 400 megawatts, to reduce usage until 7 p.m., said Ken Klapp, a spokesman.

Without those cuts from “interruptible customers” that get a discount on electricity bills for participating, use today may have surpassed the 33,939-megawatt record reached on Aug. 2, 2006. Demand on Long Island hit an all-time high.

More than 4,000 customers in the five New York boroughs had lost electricity service as the hot weather strained grids, Con Ed said on its website. The utility expected to restore most of them by 7 p.m.

Wholesale electricity in the city reached $185.94 a megawatt-hour as demand surged, and on Long island climbed to $250, according to the grid operator. The average price for utilities such as Con Ed was $100.85 at 4 p.m. local time.

Power demand on Long Island reached a record 5,815 megawatts as of 4:30 p.m., topping the previous high of 5,792 on Aug. 3, 2006.

More at: http://www.bloomberg.com/news/2010-07-06/new-york-city-may-get-record-power-demand-as-temperature-set-to-break-100.html

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