New Yorkers Reap Lower Power Bills From Shale Gas Bonanza
- *NYC's power costs trading at smallest premium to Washington
- *Improved access to Marcellus shale reducing bottlenecks
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The shale boom has reached the Big Apple.
Wholesale on-peak electricity prices for Manhattan and its four neighboring boroughs averaged $40.99 a megawatt-hour since the start of July through Sept. 11. They’re headed for a record third-quarter low, based on Independent System Operator Inc. data going back to 2006.