Sentences with phrase «drives wholesale electricity prices»
Natural gas sets the clearing price in most markets and therefore drives wholesale electricity prices.
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Calpine's deal comes at a time when the U.S. wholesale power generation industry is struggling with margin pressure as cheap natural gas from shale fields in recent years has been driving down electricity prices.
In recent years, historically low natural gas prices have driven down wholesale electricity costs as plant owners switched to that fuel, making nuclear power less competitive financially.
EIA: High temperatures drove record electricity demand and very high wholesale prices in Texas
SIOW found market forces from a 2,000 MW Massachusetts build would drive the price to $ 0.108 / kWh by 2030, making offshore wind competitive with New England wholesale electricity prices.
«Lower natural gas prices have effectively driven down wholesale power prices for all generators, regardless of whether they are using natural gas, coal, nuclear power or renewable resources to generate their electricity.»
In addition to driving more renewables and reducing emissions, an increased RPS policy can reduce wholesale electricity prices, act as a hedge against high, volatile natural gas prices, and add up to 3,000 jobs per year.