Electric Rates http://wamc.org en NY wholesale electric rates hit 12-year low http://wamc.org/post/ny-wholesale-electric-rates-hit-12-year-low <p></p><p></p><p><font face="Arial" size="2"><span style="font-family: Arial; font-size: 10pt;">RENSSELAER</span></font><font face="Arial" size="2"><span style="font-family: Arial; font-size: 10pt;">, N.Y. (AP) — New York's electrical grid operator says the average price of wholesale electricity hit a 12-year low last year, thanks to a glut of cheap natural gas and market competition that drives greater efficiency. </span></font></p><p><font face="Arial" size="2"><span style="font-family: Arial; font-size: 10pt;">The New York Independent System Operator, or NYISO, said Wednesday that the average annual wholesale price of electric energy in the state was $45.23 per megawatt hour. The previous record low was $48.63 in 2009.</span></font></p><p> Thu, 24 Jan 2013 21:53:19 +0000 Dave Lucas 56452 at http://wamc.org NY wholesale electric rates hit 12-year low