Sentences with phrase «wholesale energy prices»

It blamed the increases on rising wholesale energy prices, but the figures come just days after analysts suggested the company made a record # 40 profit from each customer last year.

AVERAGE wholesale energy prices in Victoria and South Australia have more than doubled since this time last year, as experts warn that blackouts and supply issues are likely to increase as state governments chase aggressive renewable energy targets.

The outages struck as new data showed the average wholesale energy price in Victoria climbed to $ 139 this month, up from $ 62 in January last year.

Based on that model and other calculations, the IRC found that the rollout of 1 million plug - in vehicles — most of them clustering initially in urban areas of the West Coast and Northeast — could cause wholesale energy prices in the near term to increase by as much as 10 percent.

However, that's all now been put in proper perspective with the governments advisory Committee on Climate Change reaffirming that it was gas prices that had led to most of the energy price rise - 64 % of price rises were caused by increasing wholesale energy prices and only 6.5 % by support for low - carbon energy.

Davey defended the cost of the deal, which guarantees the French operator EDF almost three times the current wholesale energy price.

«Key considerations in our decision to shut down Indian Point ahead of schedule include sustained low current and projected wholesale energy prices that have reduced revenues, as well as increased operating costs.

Last year, three coal - fired power stations closed in the UK and shifting wholesale energy prices pushed coal to gas across Europe, a shift that amplified the impact of the carbon price floor.

The state already has enough solar that during midday, it can drive wholesale energy prices to zero or below.

According to a study by the American Council for an Energy - Efficient Economy (ACEEE), the EERS is helping utilities reduce customer demand, thereby lowering wholesale energy prices and saving ratepayers money.

Reduced revenue as a result of low current and long - term wholesale energy prices, driven by record low gas prices due to the plant's proximity to the Marcellus shale formation.

California was experiencing high wholesale energy prices, sporadic power shortages and financial problems of the state's three major utilities: Pacific Gas & Electric (PG&E), Southern California Edison (SCE) and San Diego Gas & Electric (SD&E).

■ Wholesale energy prices (which translate into consumer prices) have dropped 44 % since 2004, which was the first year of the ISO's energy market.

ACEEE examined the benefits of energy efficiency in Ohio back in 2012, and found that continuing Ohio's efficiency targets could save customers almost $ 5.6 billion in avoided energy expenditures, reduced wholesale energy prices, and capacity prices.

The token sale is offering GRID tokens, which are a little more complex because they offer dynamic wholesale energy prices.

So if 1 million plug in cars «could cause wholesale energy prices in the near term to increase by as much as 10 percent,» what will happen if we change over the 250 million cars in the U.S. today?

As Prime Minister Tony Abbott again attacked renewables for their presumed impact on consumer bills, wholesale energy prices in Queensland have slumped to unprecendented lows as rooftop solar continues to boom in that state.

However, wholesale energy prices are not the only driver for higher retail energy prices.

Blaming an increase in wholesale energy prices, Npower has told its four million customers to expect average gas prices to rise by 17.2 per cent and electricity by 12.7 per cent, with other suppliers expected to follow suit.

The grid operator testified that «wholesale energy prices and emissions will rise when extreme weather results in natural gas pipeline constraints — driving up the price of natural gas (and wholesale energy) and forcing New England to rely on oil - and coal - fired generation for multi-day (or multi-week) periods.»

Wholesale energy prices have historically been volatile, and this can impose significant costs on electricity buyers and sellers.

Speaking to the BBC Wake Up to Money podcast, Peter Smith, campaigns and policy manager for the organisation, explained that it is inevitable that wholesale energy prices are fed into peoples» energy bills.