Sentences with phrase «wholesale electricity prices down»

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

Not exact matches

Calpine's deal comes at a time when the U.S. wholesale power generation industry is struggling with margin pressure as cheap natural gas from shale fields in recent years has been driving down electricity prices.

The wholesale price of electricity is down 50 % and not expected to rise anytime soon.

In recent years, historically low natural gas prices have driven down wholesale electricity costs as plant owners switched to that fuel, making nuclear power less competitive financially.

A study by the New York Affordable Reliable Electricity Alliance found that New York's wholesale electricity market prices (that is the price of fuel itself) went down by nearly 30 percent since 2008, but state energy taxes shot up 168 percent and transmission fees rose 55 percent over the exact same tElectricity Alliance found that New York's wholesale electricity market prices (that is the price of fuel itself) went down by nearly 30 percent since 2008, but state energy taxes shot up 168 percent and transmission fees rose 55 percent over the exact same telectricity market prices (that is the price of fuel itself) went down by nearly 30 percent since 2008, but state energy taxes shot up 168 percent and transmission fees rose 55 percent over the exact same time period.

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.

«Lower natural gas prices have effectively driven down wholesale power prices for all generators, regardless of whether they are using natural gas, coal, nuclear power or renewable resources to generate their electricity.»

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.

The generation utilities that sell into wholesale electricity markets (also under pressure from falling power prices; thanks to natural gas and renewables, wholesale power prices are down 70 percent from 2007) have reacted by cutting costs and merging.

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.

Reduced demand effectively creates an oversupply in the market, bringing down wholesale electricity prices and eating into the profits of generators and retailers.