Updated: Negative Power Prices in the West Region of Ercot in 2008
Updated charts and information with respect to a post presented in November 2008 on the frequent negative power prices in the ERCOT West region.
Energy markets
Most Expensive Gasoline in America – a Zone Pricing Protest
Michael Giberson WABC-TV reported Friday on what was likely the highest priced retail gasoline in the country: an Exxon station in Summit, New Jersey was offering regular grade gasoline for $4.89/gallon. According to AAA’s Daily Fuel Gauge Report, the current average price in the US is about $1.85/gallon, and the average price in New Jersey …
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More on Airline Fuel Cost Hedging: Air New Zealand Takes Hit
Platts reports Air New Zealand told the Australian stock exchange that “unbooked hedge positions for its 2009 financial year, which runs from April 2008 to March 2009, stood at $126.39 million,” up from the $81 million report of unbooked losses reported in October for 2009.
Fuel Hedging: Sometimes You Get the Bear, Sometimes the Bear Gets You
Lynne Kiesling One of my father’s default tag lines was “sometimes you get the bear, sometimes the bear gets you.” I use this phrase frequently when discussing hedging future price changes — if prices move in the direction you anticipated, you earn a profit, if they move in the opposite direction, you earn a loss. …
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What Provisions Might a Federal Power Act of 2009 Contain?
What provisions might a Federal Power Act of 2009 contain? Paul Joskow offers recommendations.
Falling Carbon Permit Prices in Europe: Threat or Menace?
Falling permit prices mean that the cost of reducing carbon emissions is going down. If reducing carbon emissions is a worthy public policy goal, then attaining that goal is becoming cheaper.
Carbon Tax Vs. Cap-and-trade, Again
Comments on comparing cap-and-trade and carbon taxes as ways to regulated greenhouse gases.
Even in Texas Competition Between Electric Wires Companies is Prohibited, Except in Lubbock
Michael Giberson Power to The Woodlands, Texas, a little north of Houston, is delivered by two different companies. Depending on which neighborhood you live in, either your power comes via CenterPoint Energy or it comes via Entergy Texas. After power outages caused by Hurricane Ike, it took up to a week longer for power to …
What Fixed Vs. Flexible Retail Power Rates in Texas Tell Us About Wind Power in the Ercot Market
In parts of north Texas, electric retailers in effect are willing to pay consumers a little bit in exchange for the retailer taking on price risk. Crazy, right? No, it isn’t crazy, it is wind power.
Russia and Ukraine Natural Gas Disputes Illustrate the Bilateral Monopoly Problem
Michael Giberson At the Streetwise Professor, Craig Pirrong writes that the periodic interruptions in natural gas flows from Russia across Ukraine present a “classic bilateral monopoly situation.” Bottom line–there are no saints involved in this episode. There is a classic bilateral monopoly situation. Each side is using its leverage to try to extract as much …
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