Sentences with phrase «wholesale electricity prices»

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.

Natural gas sets the clearing price in most markets and therefore drives wholesale electricity prices.

Second, the policy decreases the average underlying wholesale electricity price, but not enough to offset the tariffs.

Consequently, when the water flow is available to generate large amounts of hydro power, wholesale electricity prices drop.

The winter of 2012 - 13 saw spikes in wholesale electricity prices in New England and New York as demand for natural gas from both electric generators and natural gas distribution companies taxed the capacity to bring natural gas into these markets.

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.

Weron, Rafal and Misiorek, Adam (2006): Point and interval forecasting of wholesale electricity prices: Evidence from the Nord Pool market.

Wholesale electricity prices generally rise with increasing demand levels as more expensive generation is brought online to meet demand.

Outages in PJM territory (an electric system that stretches from New Jersey to Chicago) and New England likely contributed to the spike in on - peak, day - ahead wholesale electricity prices in these regions on September 11 - 12.

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.

Even assuming these concerns are unfounded, most current electricity projections estimate that on - peak wholesale electricity prices increase to $ 79 - $ 85 / MWh (depending on location) by 2039.

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.

«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.

Energy minister Josh Frydenberg has declared the energy market is on the road to recovery with wholesale electricity prices down by almost a third.

Wholesale electricity price maps are a useful resource for visualizing location - specific prices and transmission constraints in real time.

Wholesale electricity prices change throughout the day and night, depending on many factors including the level of demand for electricity and the varying costs of generating power from different types of generators.

Take the figures for December, when we all shivered through sub-zero temperatures and wholesale electricity prices surged.

from the article: «Wholesale electricity prices remain broadly in - line with major neighbouring jurisdictions such as New York, Michigan and Pennsylvania,» spokesperson Kirby Dier wrote in an email to CBC.

Meanwhile, the influx of cheap coal and flood of generation from subsidized renewables has driven Europe's wholesale electricity prices down 50 % since 2009, leading to razor - thin margins for many plants.

The U.S. natural gas boom has resulted in stable wholesale electricity prices, lower greenhouse gas emissions and greater system flexibility.

Wholesale electricity prices reflect the operational stress of meeting these periodic increases in demand.

A Fraunhofer Institute study found that thanks to the merit order effect, solar PV reduces average German wholesale electricity prices around 10 percent and peak prices up to 40 percent.

«In the case of Eversource, this is all regulated generation so they're not benefiting from a higher wholesale electricity price,» Marks said, «though there are some indirect pathways that we think are really relevant which may mean higher prices may be good for them.»

SIOW found market forces from a 2,000 MW Massachusetts build would drive the price to $ 0.108 / kWh by 2030, making offshore wind competitive with New England wholesale electricity prices.

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.»

In California, deregulation is being blamed for driving wholesale electricity prices up from an average of US$ 30 a megawatt - hour a year ago to peaks of $ 1,400 currently.

And while that does alter the calculus somewhat, the good news is that even if the «premium» paid for renewables increases if gas prices plunge further, that increased per megawatt - hour premium to meet the CES is largely offset by cheaper wholesale electricity prices overall.

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.

The Federal Power Act's mandate from Congress — dating back to 1935 — is to ensure wholesale electricity prices are «just and reasonable.»

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.

The effect of refit on irish wholesale electricity prices.

In Europe, market imbalances (i.e. a surge of solar power during a period of low demand) and the lack of a flexible power grid system have resulted in wholesale electricity prices going into negative figures for brief periods, a situation that is popping up in other cities as solar power grows, as was the case in California recently.

By comparison, the U.S. Energy Information Administration («EIA») calculated that, due to sustained low natural gas prices, nationwide wholesale electricity prices averaged $ 20 to $ 45 per MWh for much of 2016 (Hodge 2017).

Think Progress details the pretty wonky reasons why wholesale electricity prices could drop when (if, perhaps) Cape Wind ever finally gets built:

This cuts wholesale electricity prices, which reduces (non-wind) generator profits, but benefits consumers.

The lignite generating fleet in Germany, which includes Neurath, saves consumers approximately 2.2 billion euros annually compared to replacement with gas - fuelled generation, reducing wholesale electricity prices by approximately 7 %.

On - peak, wholesale electricity prices generally ranged from $ 20 - $ 50 per megawatt hour last winter, with some exceptions.

However, these large sources of zero - emission power are being prematurely retired with respect to their operating licenses because of low wholesale electricity prices resulting from low natural gas prices, excess power generation capacity, declining renewable energy costs, and low growth in electricity demand.

Solar, wind, and battery storage are all being considered, despite the anticipated fall in wholesale electricity prices in the state over coming years as more wind, solar and storage projects come on line.

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.

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

Given the right financial incentives, though, many households may accept smart grid strategies that let utilities reduce power consumption in homes at peak periods of demand, when wholesale electricity prices are highest, some analysts conclude.

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.