Cold weather that blanketed much of the Eastern United States in 2013-2014 and 2014-2015 exhibited unique characteristics that prompted different — but related — challenges across heating fuels and electricity markets. In an effort to understand the impacts of the winter conditions on these markets, the Office of Electricity Delivery and Energy Reliability conducted an in-depth analysis of regional fuel and electricity sectors during the winters of 2013-2014 and 2014-2015 to assess market behavior and performance. Particular attention was devoted to events in the Northeast and Midwest regions, where prolonged periods of cold temperatures and severe winter weather had strong effects on energy market prices, demand and supply.
Events, trends, and market stressors highlighted in this report provide insight into the experiences and actions taken by private and public sectors in response to the severe weather during the winters of 2013-2014 and 2014-2015. These responses can help inform policy decision makers and energy market participants for future winters.
'An Assessment of Heating Fuels and Electricity Markets During the Winters of 2013-2014 and 2014-2015' report is now available for downloading.