Sentences with phrase «push wholesale electricity prices»
It has been estimated that around one quarter of the revenue earned by Australia's electricity generators — and nearly all their profits — come from a short period — between 36 and 100 hours — of «super peaks» of demand that push wholesale electricity prices beyond $ 5,000 per megawatt hour or more.
https://reneweconomy.com.au/ Not exact matches
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.
Stanwell Corp, the Queensland government owned electricity generator, has failed to make any money in the past year from its 4,000 MW of coal and gas fired generation because rooftop solar has taken away demand and pushed down wholesale electricity prices.
This does not even mean that the price of electricity to consumers is being pushed up 1 cents / kWh by wind power, the Chief Executive of the Energy Supply Association of Australia is on record as saying that renewables are suppressing the wholesale price of electricity.
In both New England and New York, frigid air has increased demand for natural gas, pushing gas prices higher and resulting in increased wholesale electricity prices.