Wednesday, January 20, 2016

Seabrook at 60% and ISO Prices

Update1/22

Good job Seabrook with getting back to 100% yesterday. The NEISO is at around $39 per megawatt hour. The price is shockingly low for such a cold spell. When is the businesses and ratepayer going to get a break?

***So Seabrook has been at 60% for three days. What is up?

I continue to be amazed by how docile the price of electricity has been throughout the mild winter and now in a deep winter cold spell. It is amazingly cheap. No big spikes in prices as has been the last winters...

It is amazing how much media and print time is devoted to solar and wind. It is such a small percentage of net generation...

EIA_WholesalePowerPrice


Wholesale electricity prices and demand in New England

Year-over-year natural gas and wholesale power prices dropped in December on milder weather, lower demand

December’s average natural gas and wholesale power prices in New England were about half as much as the average monthly prices recorded during December 2013, due largely to milder weather that dampened demand. During December 2013, colder weather increased consumers’ use of natural gas for heating, resulting in natural pipeline constraints that drove natural gas prices higher. Those high fuel prices, in turn, pushed up wholesale power prices.
This past December, the average real-time price of wholesale power, at $42.47 per megawatt-hour (MWh)*, fell about 57% from the December 2013 average of $98.53/MWh. It was down by about 5% from November’s price of $44.86/MWh...

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