Electric Prices Spike Amid Hot Weather in US Midwest

July 28 (Reuters) – Wholesale electricity prices spiked on Tuesday to more than $500 per megawatt hour in the U.S. ​Midwest as wind generation came in below forecasts ‌and hot weather taxed fossil fuel power plants. The price spikes were most severe along the Nebraska-Iowa border near coal plants ​operated by MidAmerican Energy, a utility … Read more