wholesale power prices
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RenewablesMonticello Goes Under, More Coal and Nuclear Imperiled in Texas (Updated)
A week after the Department of Energy (DOE) proposed a rule to bolster uneconomic coal and nuclear generators in competitive power markets, Luminant announced that an “unprecedented low power price environment” will force it to retire a 1.9-GW coal-fired power plant operating in the Texas market. The plant’s economic woes suggest a larger swath of […]
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CoalEIA: Wholesale Power Prices Saw Sharp Fall in 2015
Wholesale power prices across the nation plunged between 27% and 37% at major trading hubs last year compared to 2014, the Energy Information Administration (EIA) reported. The agency said on January 11 that the drop was driven largely by lower natural gas prices. Natural gas spot prices in 2015 at the Henry Hub averaged $2.61 […]
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CoalReport: Coal Power Plant Retirements Could Push Up Future Wholesale Power Prices
Coal power plant retirements could potentially increase energy prices by $3–4/MWh for on-peak hours and $1–2/MWh for off-peak hours, but if natural gas prices also rise, energy prices could rise by as much as $9–11/MWh for on-peak hours and $5–6/MWh for off-peak hours, a new report from The Brattle Group suggests. The report, “Coal Plant […]