Real-time power prices in western New York continued to soar Monday, breaching the $2,500/MWh mark shortly before 3 p.m. EDT in West A zone as high temperatures continue to drive up demand.
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Demand in the NYISO footprint was around 32,888 MW, which is about 1,000 MW higher than the grid operator had expected in its day-ahead forecast. Peak demand is projected to reach 33,300 MW Monday, about 600 MW just shy of the all-time record.
As a result of the hot weather, the grid operator has activated demand response programs between 1 p.m. EDT (1700 GMT) and 6 p.m. EDT in downstate regions and has notified DR providers that it may also activate the program across all zones on Tuesday.
The NYISO has 1,250 MW of DR resources that it can call on when generation surpluses run tight.