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.