Sentences with phrase «cuts wholesale electricity prices»
This cuts wholesale electricity prices, which reduces (non-wind) generator profits, but benefits consumers.
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In other words, cheap natural gas is lowering the price of wholesale electricity, which is cutting into the revenues of all power plant operators.
The generation utilities that sell into wholesale electricity markets (also under pressure from falling power prices; thanks to natural gas and renewables, wholesale power prices are down 70 percent from 2007) have reacted by cutting costs and merging.