New York City’s heat wave has pushed power prices to historic highs as grid demand strains during the summer peak. David Energy CEO James McGinnis said demand pressure is recurring, but newer technologies may help dampen the impact over time. The immediate move in power costs is likely to weigh on regional utilities and power-linked equities.
New York City’s heat wave has pushed power prices to historic highs as grid demand strains during the summer peak. David Energy CEO James McGinnis said demand pressure is recurring, but newer technologies may help dampen the impact over time. The immediate move in power costs is likely to weigh on regional utilities and power-linked equities.
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