Re: California spot energy price: $99 MWhr

On Apr 11, 1:10 pm, dave.walt...@xxxxxxxxxxx wrote:
On Apr 8, 4:57 pm, bradg...@xxxxxxxxx wrote:



On Mar 30, 8:39 am, dave.walt...@xxxxxxxxxxx wrote:

Rightnow, the price for power is slightly more than $99/MWhr. Yes, the
entire state load in California is only 27,000 MWs. Hmm....I sense
some price manipulation. AT this price, ALL forms of energy are trying
to come on line and provide power to the grid (solar is not, as the
sun is too low in the sky right now).

David

What's wrong with $100/gallon of petrol/diesel, and with having to pay
$1/kwhr upon average (with california paying at least twice the
national average).

After all, I'm almost certain that other forms of alternative energy
will not be jacking up their prices to suit.
-
Brad Guth

First, this was the price...and it's not hourly either, it is in 15min
increments. Look at the week I mentioned. The CAL ISO site it cited
has it running as a ticker along the bottom of the page. That point
about Califorinians paying twice the national price IS the point...and
the way the bidding system still works is that almost free geothermal,
cheap nuclear, more expensive NG and alternative power all get the
SAME price, the highest price, not what they bid the price for...it's
a "Dutch auction" and that's never been changed. So, expensive GT's vs
even more expensive wind and solar (I don't think there is actually
any commercial solar in California yet) don't really compete with the
cheaper hydro, geothermal (we have quite a lot of that) and nuclear
all get the same plus $33/MWhr price...or the $99/MWhr price when it
goes that high.

David


Which all strikes me as being exactly as it should be. your KWH
is not better than bob's kwh. however, it does rather beg the qestion
of why there aren't electricity resellers who buy electricity to fill
their reservoirs at the low rates and simply resell at the higher
rates. seems like that would go a ways toward smoothing out the
prices and be quite profitable besides!

.

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