The state that brought us Enron now getting Enron'd itself. Turnabout is fair play!
Sucks for the regular folk, though...
Electricity over $900/MWh in most of Western US now
31–40 of 347 posts
Re: Electricity over $900/MWh in most of Western US now
#32I need more context. Is that a lot? Is that low? Is it a big change from before? In what direction?
900/Mwh is 90c per kwh. Normal wholesale is about 5-7c. Retail national average is about 14. Higher cost states are around 20c with Hawaii near 30c.
> 900/Mwh is 90c per kwh, national average is about 14. Higher cost states are around 20c with Hawaii near 30c.
And IIRC, electricity in Hawaii is so expensive because they generate most of it with diesel.
Re: Electricity over $900/MWh in most of Western US now
#33I track my electricity in Chicago pretty regularly and we’ve been seeing between 5x and 100x ‘normal’ pricing all week. For scale, at this time of night I’d expect my power to be priced at ~ 0.8 c/Kwh. Right now we are sitting at 15 c/Kwh.
Here in CA we pay 24c / Kwh on a regular basis.
Why is it your power can be 0.8c/Kwh?, that seems really really low.
Re: Electricity over $900/MWh in most of Western US now
#34it's bitcoin miners turning on server farms.
They won't be keeping them on for long at this price.
Re: Electricity over $900/MWh in most of Western US now
#35Do wholesale prices directly translate to consumer prices?
> Do wholesale prices directly translate to consumer prices?
I don't think they do where I live, because the rates are regulated and the power company needs permission to raise them.
Re: Electricity over $900/MWh in most of Western US now
#36[deleted]
Re: Electricity over $900/MWh in most of Western US now
#37We should be busily building nuclear plants. This isn't going to get better otherwise.
Re: Electricity over $900/MWh in most of Western US now
#38Earlier quoted context omitted.
900/Mwh is 90c per kwh. Normal wholesale is about 5-7c. Retail national average is about 14. Higher cost states are around 20c with Hawaii near 30c.
> 900/Mwh is 90c per kwh, national average is about 14. Higher cost states are around 20c with Hawaii near 30c. And IIRC, electricity in Hawaii is so expensive because they generate most of it with diesel.
I'm surprised by this. I would have guessed lots of solar there and potentially wind.
Re: Electricity over $900/MWh in most of Western US now
#39Excuse my ignorance, but am I, as a California residential user, going to pay these prices for the electricity I'm using in my home right now? Should I shut everything down?
[deleted]
Re: Electricity over $900/MWh in most of Western US now
#40Earlier quoted context omitted.
> 900/Mwh is 90c per kwh, national average is about 14. Higher cost states are around 20c with Hawaii near 30c. And IIRC, electricity in Hawaii is so expensive because they generate most of it with diesel.
I'm surprised by this. I would have guessed lots of solar there and potentially wind.
Substantial amounts of solar coming online in Hawaii, causing the utility to carefully manage additional distributed solar installs [1]. Still expensive because there is much diesel
and coal generation (~2GW) left to displace.
[1] https://www.hawaiianelectric.com/clean-energy-hawaii/integra... (red = saturated local electrical infra)