Sentences with phrase «negative wholesale electricity prices»
When intermittent electricity is sold in competitive electricity markets (as it is in California, Texas, and Europe), it frequently leads to negative wholesale electricity prices.
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OSPE's 2012 report Wind and the Electrical Grid: Mitigating the Rise in Electricity Rates and Greenhouse Gas Emissions detailed the mounting risk of hydraulic spill, nuclear shutdowns, and periods of negative wholesale electricity prices during severe surplus base load generation.
Not exact matches
At one point, the wholesale cost of electricity went into the negative at mid-day — the point on the 24 - hour clock where prices are supposed to be higher.
The growth of solar and wind power has highlighted the issue of negative pricing on the wholesale markets, where in some instances the availability of wind or solar power depresses prices to the point where wholesalers pay their utility customers to take the electricity off their hands.
So much wind power was being supplied that Texas» grid operator that the Electric Reliability Council of Texas (ERCOT) reported wholesale electricity prices reached near zero and, in some cases, rates went negative.
In addition to wind curtailments, the regional supply and demand imbalances caused real - time wholesale electricity prices at the West Hub in ERCOT to drop, and even go negative, during periods of substantial wind generation.
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.