US energy markets on edge as ‘polar vortex’ set to deliver deep freeze

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Financial Times 5d ago

US energy markets on edge as ‘polar vortex’ set to deliver deep freeze - Financial Times

Quick Summary:

We’re talking serious economic and human harms,” said Akshat Kasliwal, a power analyst at PA Consulting.“It behoves all of us collectively to take a step back and not just look at the next week, next two weeks, but think more broadly in terms of how do we maintain an affordable and reliable system?

The Northeast is also expected to have electricity prices increase 5 per cent.

Flynn warned the price impact could be substantial if forecasts prove accurate, noting Arctic cold over Texas shale basins could disrupt supplies just as calm weather curtailed wind generation.