events» as when
power prices spiked to more than $ 250 per MWh, saying that the power system was designed to deal with only three or four of these a year.
The call, made in a submission to Chief Scientist Alan Finkel's review of future security of the NEM, came with the revelation that BHP's power bill at the Olympic Dam copper and uranium mine in South Australia is expected to rise by $ US30m ($ 39m) this year because of higher gas prices and the cost of contracts that offset the risks of
power price spikes.
Not exact matches
Large
price spikes immediately before and after mid-day periods when both utility - scale and distributed solar generation reaches its peak level suggest a need for dispatchable generation sources to help cover ramping periods, when the need for
power from the grid to meet load is rapidly changing.
Unfortunately for Bitcoin, if user adoption
spikes, so will
price — and so must
power consumption.
Burning food crops for
power is the worst use of scarce land imaginable, and has already led to a situation where there is a direct conflict between food and energy: a significant proportion of the food -
price spike in 2008 (and a further
spike in early 2011), which led to widespread hunger and bread riots in many poorer countries, was driven by crops being withdrawn from international markets to produce biofuels for transport.
Along with clever appliances, some homes in the GridWise project received computer systems to monitor the real - time
price of
power and limit consumption when the
price spiked.
Recent
spikes in the
price of uranium — perhaps due to renewed interest in nuclear
power as an alternative to fossil fuels as global warming makes its presence felt — have led to a surge in applications for new uranium mining permits on otherwise protected federal lands.
The steady
spike in gasoline
prices also boosted February sales of smaller cars and alternative -
powered models such as the Ford C - Max and Chevrolet Volt.
That way, the software that controls the solar and battery system will allow customers to use their home - generated
power — and not expensive grid
power — when grid
prices spike.
Alberta has passed landmark legislation giving it sweeping
power to intervene in oil and gas exports that could result in punitive
price spikes in British Columbia in the dispute over the Trans Mountain oil pipeline expansion.
The resolution on the EPA for Alec members» consideration this week argues that requiring tougher standards from the next generation of
power plants lead to
spikes in electricity
prices and would damage the economy.
And because wind
power has no fuel costs, buyers can lock in low rates for decades to protect against future fuel
price spikes.
At one point, he called for an end to gasoline -
powered vehicles, ``... but the only way to really break this cycle of
spiking gas
prices... is to shift our cars entirely — our cars and trucks — off oil.»
Yet Queensland, with only one big solar
power station and no large wind farms at all, had far more
price spikes than South Australia, as shown in the graph from RenewEconomy reproduced on the right.
The trigger that caused me to write this page was the dishonest, shameful and criminal blaming of the South Australian
power outages of September and December 2016, wholesale
price spikes, and the load - shedding of February 2017 on renewable energy.
The gist of his case was that the recent short - term emergency that gave rise to
price spikes was caused by coal - fired
power station outages.
If it is plugged in during the daily peak (5.30 - 6 in Ireland), it could usefully sell back some
power when the
price spikes.
Coal, gas and uranium rich Australia shouldn't be paying the highest
power prices in the world; and it shouldn't be cutting
power to businesses and hospitals during hot weather, when demand
spikes and -LSB-...]
Deng, S.J., 2005, Valuation of Investment and Opportunity to Invest in
Power Generation Assets with
Spikes in
Power Prices, Managerial Finance 31 (6), 95 - 115.
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.
The revolutions recently and on - going in the ME have food
pricing as a stronger driver than any political ideology, e.g. Keep your eye on China; its
power and food shortages are
spiking; the gubmint has even resorted to actually increasing electricity
prices, much to its own chagrin and the distress of the public.
But chief among them, the EPA's incoming greenhouse gas regulations (and other pollution rules aimed at coal plants) are surely working to convince
power companies to make the switch, and they'll help ensure that coal stays boxed out should the
price of nat gas
spike again.
Short - term electricity
prices spiked as a result, with analysts reporting that one
power plant was paid # 2,500 per megawatt - hour — about 50 times average
power prices.
Sophie Vorrath wrote an article for RenewEconomy giving the real reason for the wholesale electricity
price spike: the sudden failure of one of the generation units at Victoria's Loy Yang B
power station.