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Electricity Monthly Update

With Data for January 2024 Release Date: March 26, 2024 Next Release Date: April 24, 2024

Highlights: January 2024

  • Wholesale electricity prices recorded new 12-month highs in the Northwest (Mid-C), New York City (NYISO), the mid-Atlantic (PJM), the Midwest (MISO), and Louisiana (into Entergy).

  • New 12-month daily peak electricity demand highs were set in the Northwest (Bonneville Power Administration) on January 13 and in Southern Company territory on January 17.

  • Total U.S. coal stockpiles decreased 7.4% to 122 million tons compared with the previous month, as cooler temperatures during January 2024 led to an increased need for electricity generation from coal-fired power plants.

Key indicators