Monday, July 27, 2020

New England: $240 / MWh Electricity Today -- July 27, 2020

Link here.

Wow, that imported hydroelectricity is expensive.

This is ISO New England. Regular readers know the issues here.

Look at the marginal cost of electricity today -- over $80 all afternoon, and spiking to $240/MWh. This is, frankly, unbelievable.

Note in the "fuel mix graph" that when the "normal grid" could not keep up, there was spike in hydro-electricity.

Note: the folks in New England get about as much of their electricity from burning oil as from renewable energy when "demand" spikes. See this post.

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