Sentences with phrase «lowering wholesale energy prices»

Not exact matches

«Just this past December, New York saw the lowest wholesale price of energy since the market was created, and those prices are being reflected in consumers» energy bills and generators» decisions to invest in new resources.»

They also reflect historic lows for coal - fired generation, driven by changes in wholesale energy markets and the carbon price floor.

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.

Fully contracted renewable energy projects have the least transition risk while older, inefficient merchant coal plants are likely to suffer disproportionately from the financial effects of carbon transition such as lower wholesale prices, the cost of carbon credits, lower capacity factors and increased operating or capital costs, according to the report.

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.

EVs will recharge when renewable energy sources are generating power and wholesale prices are low, thus helping the system adapt to intermittent solar and wind.

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.

As Prime Minister Tony Abbott again attacked renewables for their presumed impact on consumer bills, wholesale energy prices in Queensland have slumped to unprecendented lows as rooftop solar continues to boom in that state.

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.

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.

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.

Reduced revenue as a result of low current and long - term wholesale energy prices, driven by record low gas prices due to the plant's proximity to the Marcellus shale formation.

However, ministers estimate the scheme will also save households # 12 in wholesale energy costs by avoiding price spikes that could have been seen if power supplies ran low.

By reducing demand, energy efficiency brings about lower wholesale power prices for all customers, they noted.

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.

But whenever the wholesale price is lower than the feed - in tariff (which it is most of the time), the difference is made up from the renewable energy surcharge (EEG surcharge), a levy that almost all consumers pay with their power bills.