The most interesting post I’ve read in a long time
Posted by Rich Sweeney on November 21, 2008
Mike Giberson on negative electricity prices and wind subsidies in Texas.
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 summer off, negative power prices were back to near 10 percent in October……..During these negative price periods, suppliers are paying ERCOT to take their power. Consumers (at least at the wholesale level) are getting paid for using power, and the more power consumers use the more they get paid. These prices are a big anti-conservation incentive. You could, as a correspondent put it to me, build a giant toaster in West Texas and be paid by generators to operate it.
As is usually the case on KP, the whole post is clear and well argued and provides great background information. Definitely read the whole thing yourself. Then rethink your position on the PTC.
Mike Giberson said
Thanks for noticing. Wish I were in DC this weekend for the economics fun, hope everyone had a good time.
jessica connorth said
Did you just decide to go green and begin to generate your own power? Or at least try to? You are like many other people, today people want to help out the environment and save as much of its precious resources as possible.
Do you already own a Wind Turbine or the materials to make one, but have no idea where to begin?
Are you interested in learning the best, fastest and easiest way to maintain the efficiency your Wind Turbine without spending a lot of money on supplies?
If you answered “yes” to any of the questions above, then
You’re about to discover a proven system for optimizing the Best kept secrets to Wind Power Cost.