Sentences with phrase «low wholesale electricity prices»

The cancellation of the 100.5 - megawatt Noble Allegany wind park was blamed on low wholesale electricity prices, which have made it more difficult to justify the project's costs at a time when the economy is weak and financing remains tight.

The only way to get lower wholesale electricity prices is to expand renewables and let the owners of coal - fired power station take a corresponding hit to their profits.

Of course, lower wholesale electricity prices hurt gas - fired power plants as well, but the low prices are «most harmful to coal - based generators and to a lesser extent nuclear - based generators.»

Weatherill said that South Australia is moving ahead to a clean energy future regardless of Turnbull's plan, arguing that investments in renewables have helped lower wholesale electricity prices in his state already.

A plant may retire if higher coal prices, lower wholesale electricity prices (often tied to natural gas prices), or reduced utilization make investment in equipment like scrubbers uneconomical.

Not exact matches

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.

Wholesale electricity prices in Central New York tend to be much lower than Downstate prices.

This means it covers the direct cost of low - carbon subsidies, energy efficiency and carbon taxes, as well as indirect costs due to strengthening grids, backing up intermittent renewables, compensating conventional generation for lost revenue through the capacity market and savings due to the merit - order effect, which pushes down wholesale electricity prices.

Release of the wholesale pricing data in South Australia — and data showing South Australia still has the highest prices in the National Electricity Market — prompted state opposition energy spokesman Dan van Holst Pellekaan to savage a claim by Mr Weatherill that his $ 550 million «self - sufficient» energy plan was producing the lowest power prices in the national market.

In addition, New Jersey, in common with many other states, allows homeowners to get credit for their solar electricity at retail prices while the energy being replaced could have been bought by the utility at much lower wholesale prices, a subsidy called net metering.

«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 other words, cheap natural gas is lowering the price of wholesale electricity, which is cutting into the revenues of all power plant operators.

Unfortunately the wholesale price of electricity has fallen from around $ 60 / MWh to closer to $ 40 during the planning and construction period and the price of the Large Scale Renewable Energy Certificates that the scheme will generate is also low.

In recent years, expanded supply of low cost natural gas, increased energy efficiency, growing market penetration of renewable electricity sources, and substantial reserve margins have contributed to low prices reflecting low marginal costs in wholesale energy and capacity markets.

Where distributed solar shaves the cost of peak electricity prices, utility - scale wind power lowers the wholesale cost of power across the board.

«Average on - peak, day - ahead wholesale electricity prices rose in every region of the Lower 48 states in first - half 2013 compared to first - half 2012.

They would be saving money at the consumer price of electricity (not the lower wholesale price).

Low natural gas market prices and their impacts on wholesale electricity prices, along with low energy growth since 2008 and a lack of stability in federal policy (such as the production tax credit), have influenced wind power deploymeLow natural gas market prices and their impacts on wholesale electricity prices, along with low energy growth since 2008 and a lack of stability in federal policy (such as the production tax credit), have influenced wind power deploymelow energy growth since 2008 and a lack of stability in federal policy (such as the production tax credit), have influenced wind power deployment.

Industry experts realized that low wholesale electricity market prices weren't going away any time soon and that coal plants were now facing the prospect of never breaking even, even without additional environmental compliance obligations.

If the cost of solar electricity is higher than the wholesale price, but lower than the retail price then point of use solar capacity will be installed as it saves people money on their electricity bills.

This point of use solar capacity reduces demand for grid electricity and so reduces the wholesale price as lower demand results in lower prices.

Baseload plants such as coal and nuclear are hit particularly hard by reduced wholesale electricity prices as they have low fuel costs and so don't save much money by shutting down or reducing output on sunny days.

These alternative revenue streams make it possible for wind generators to offer their wind power into the wholesale electricity market at prices lower than other generators, and even at negative prices.

That's less than half the price of retail electricity power and a price low enough to compete with natural gas, coal, and nuclear power head to head in wholesale markets for what some might call «baseload» power.

Not only can hydro - power be fed into the electricity grid when there is a shortage of supply and the wholesale price is high, but energy can be stored as potential hydro - power when there is an excess of electricity and the wholesale price is low.