Sunset and calm weather provides the perfect opportunity for rent-seekers profiting from the market chaos that follows. The owners of fast-start diesel and gas-generators make out like bandits, as the spot price for power goes from less than $100 per MWh to tens of thousands of dollars per MWh. Couple a sudden collapse of wind … Continue reading Mega-Battery Owners Rolling in Cash Whenever Wind & Solar Output Collapse
Tag: Power market price gouging
Power Market Manipulators Reap Windfall Whenever Wind & Solar Power Output Falls
When the sun sets and/or calm weather sets in, the price gouging by the owners of reliable power generation plant, begins. When those paragons of corporate virtue that ran Enron started ripping off Californian power consumers during the late 1990s, they did it by shutting down gas pipelines and pretending gas-fired power plants were off-line … Continue reading Power Market Manipulators Reap Windfall Whenever Wind & Solar Power Output Falls
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