Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
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Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#2Last time there were "weird" issues with power someone was gaming the system: Enron.
Something about this article just seems off to me, something isn't right from a technology point of view, and I suspect someone is manipulating things.
(No, I do not have evidence. Just a feeling like this isn't such a hard problem to solve technically.)
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#3Can someone please explain then why we are paying the highest prices in the continental US for retail electricity, at $0.28/kWh, in a state with the highest percentage of renewables in the country?
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#4Surely Bitcoin miners will snatch up these opportunities soon. Cheap electricity can be translated into money if you have the mining equipment.
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#5> It’s left the utilities complaining that they can’t earn the returns they expected for their investment in generation capacity.
Good. That's a well functioning market economy. Those who make poor investment choices need to feel the sting of losses else the market fails to work correctly.
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#6Can someone please explain then why we are paying the highest prices in the continental US for retail electricity, at $0.28/kWh, in a state with the highest percentage of renewables in the country?
Supply might be high, but demand exceeds it.
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#7Can someone please explain then why we are paying the highest prices in the continental US for retail electricity, at $0.28/kWh, in a state with the highest percentage of renewables in the country?
Has a power company ever voluntarily lowered rates?
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#8If the general pattern holds of the electrical power market being like the natural gas market, just at much shorter time scales, then does this mean that we are going to see an increase in electrical power storage in the next few years? Companies have been making money by offering storage and pooling services in energy for quite awhile. It's just that storage has been more difficult from an economic and technical sense with electricity than with, say, natural gas.
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#9Surely Bitcoin miners will snatch up these opportunities soon. Cheap electricity can be translated into money if you have the mining equipment.
Agreed but its a weird transaction system that works better on windy days. :)
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#10The logical next step is devices (storage) which can arbitrage these prices and make a profit. Capitalism is a wonderful thing, especially when it’s helping make green energy more efficient.