Dear Today in Energy:
Very interesting data.
I do wonder if any New England ISO, PUC or other officials or political
leaders have noticed the fact that their favored source of electricity -- wind
turbines -- tends NOT to be available during periods of peak electricity
demand.
Also, the availability of the high true cost (but low variable cost)
electricity from wind during off peak periods means that
reliable units are being run even less -- which almost certainly will
result in even higher capacity cost markets and even higher electric bills for
ordinary customers as wind energy is increased.
(Meanwhile, the owners of reliable generating units seem to be standing by
watching their lunch being eaten by others.)
Please be sure to let me know when it's time to give thanks for all the
wise central planners in the US Department of Energy, FERC, Congress, State
governments, PUCs, ISOs, RTOs, etc. who are being so successful in substituting
their wisdom (along with tax breaks and subsidies for high cost, low
value sources of electricity) for market forces -- while driving up our
taxes and our electric bills.
Glenn Schleede
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