Michael Giberson ERCOT recently set a new record for consecutive pricing intervals below $0/MWh for balancing energy market prices in the ERCOT West region: 39.25 hours of negative prices. The episode started at 7:45 PM on Saturday, November 6 and the negative prices continued until 11:00 AM on Monday, November 8. The previous record …
Top 10 Longest Periods with Consecutive Negative Power Prices, Ercot West Read More »
Michael Giberson Below are three charts showing data on ERCOT West zone power prices for the January-June 2009 period. The charts were derived from data provided through the ERCOT website, on their “Balancing Energy Services Market Clearing Prices for Energy Annual Report” page. These charts were prepared in the same way, including use of the …
Negative Power Prices in Ercot West: Charts for Jan-june 2009 Read More »
Michael Giberson ERCOT reached a new peak load record last week, beating the record set just a week before. Boone Pickens is backing off a little from earlier ambitions to build the world’s largest wind power facility near Pampa, Texas. The Wall Street Journal reported recently that low natural gas prices are limiting interest in …
Michael Giberson If you thought power prices in ERCOT’s West region were interesting in 2008, keep an eye on the prices in 2009. (For background see my earlier post on negative prices in ERCOT West for 2008. Note on updated data here.) Late 2008 saw a few developments of note for the region: Almost 2000 …
Negative Power Prices in Ercot West – 2009 So Far Read More »
Updated charts and information with respect to a post presented in November 2008 on the frequent negative power prices in the ERCOT West region.
Michael Giberson What is with all of the negative power prices in the West region of ERCOT? In the first half of 2008, prices were below zero nearly 20 percent of the time. During March, when negative prices were most frequent, prices were below zero about 33 percent of the time. After mostly taking the …
The Wall Street Journal recently opined against President Obama’s nominee for Federal Energy Regulatory Commission chairman, Norman Bay, and in the process took a modest swipe at subsidies for wind energy. The context here is Bay’s action while leading FERC’s enforcement division, and in particular his prosecution of electric power market participants who manage to run afoul …
The Spin on Wind, Or, an Example of Bullshit in the Field of Energy Policy Read More »
Simona Benedettini and Carlo Stagnaro make the case for allowing negative prices in electric power markets in Europe. A few of the larger power markets in Europe allow prices to go negative, but others retain a zero price lower limit. Benedettini and Stagnaro explain both why it is reasonable, economically speaking, to allow electricity prices …
The Case for Allowing Negative Electricity Prices – Benedettini and Stagnaro Read More »
Michael Giberson My title is taken from the subtitle of a story in the Arizona Republic, the headline is: “Solar supporters link future to subsidies.” The “solar supporters” and “industry advocates” referred to are the Solar Energy Industries Association and the American Wind Energy Association, both actively lobbying Congress for extension of the so-called 1603 …
Industry Advocates: Jobs Will Be Lost if Congress Doesn’t Act Read More »
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