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 … More The case for allowing negative electricity prices – Benedettini and Stagnaro
The Energy Information Administration’s “Today in Energy” series shows with a couple of charts how growing wind power output in the Southwest Power Pool region is cutting into the income of baseload power plants. The effect matters because baseload power plants tend to have the lowest operating costs. As baseload plants get pushed off the … More EIA shows higher wind power output cutting into baseload power generation
Michael Giberson NPR reports from Pennsylvania how low natural gas prices have helped put the damper on some solar power dreams: Barbara Scott had 21 solar panels installed last March on her house in Media, Pa. Scott’s family was the first in the community, and she was prepared to evangelize, “We can have open houses … More Cheap natural gas undermining solar dreams
Michael Giberson After over 90 years of operating in competition with a rival electric utility in town, late last year Lubbock Power & Light and Xcel announced a deal in which municipal electric utility LP&L would buy out Xcel’s distribution assets and customer accounts in the city for $87 million, leaving LP&L as a monopoly … More How valuable will a monopoly be to Lubbock Power & Light?
Michael Giberson Are your electric power rates falling? Are they below what they were two years ago? They might be if you live in parts of West Texas. The Abilene Reporter-News reports: Electric rates available to West Texans are less expensive, on average, than they were two years ago. In addition, residential rates offered in … More Lower prices for electric power in Texas
Excess LNG export capacity worldwide may find it attractive to ship to U.S., which has excess natural gas storage capacity. As a result, the U.S. may remain well supplied with gas for many years. … More LNG and the future of natural gas prices in the U.S.