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Supply and demand
The spot price of wholesale electricity on the Texas power grid spiked more than 10,000% on Monday amid a deep freeze across the state and rolling outages among power producers, according to data on the grid operator's website.

Real-time wholesale market prices on the power grid operated by the Electric Reliability Council of Texas (ERCOT) were more than $9,000 per megawatt hour late Monday morning, compared with pre-storm prices of less than $50 per megawatt hour, according to ERCOT data.

by gk (gk (gk quattro due due sette @gmail.com)) on Wed Feb 17th, 2021 at 10:51:47 PM EST
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Peak Gas Is Coming to the U.S. Sooner Than Anyone Expected
Renewables, meanwhile, still carried the stigma of hippie-ish science experiments that depended on government support and couldn't provide around-the-clock electricity as long as the sun set and the wind ebbed. But the arrival of big-storage batteries has meant that wind and solar power will slowly be less dependent on the whims of weather, calling into question assumptions that there would be plenty of need for new gas alongside renewables. Solar farms backed up by batteries are already beating out gas on costs in parts of the U.S. Southwest , thanks in part to sharply falling prices of lithium-ion systems.
< wipes tears >
Texass LNG v Nord stream 3 export story developing ...
by Cat on Sat Feb 20th, 2021 at 05:07:41 PM EST
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by Cat on Fri Feb 26th, 2021 at 12:40:35 PM EST
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