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electricity prices

Sep 02
Love147

Regulatory Bureaucracy Drives Electricity Prices Higher

By Energy Rant No Comments
I like to stay ahead of the curve here at the Rant, but I would have needed to call play-by-play like Kirk Herbstreit on a college football game to keep up with the Cracker Barrel makeover fiasco. The CBRL fiasco played out faster than a college football game, which now averages two days, four hours, and twenty-three minutes. Cracker Barrel executives and their ad agencies seem clueless about their clientele. Executives need to understand and keep the pulse on their customer base. Steve Jobs was famous for this, but less known for it are Susan Morris, CEO of Albertson’s Supermarkets,…
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Aug 26
Love146

Renewables, The Scam of the Century?

By Energy Rant No Comments
First, A Branding Whetter. Two weeks ago, I peppered the Big Three Automakers, Ford, General Motors, and the company formerly known as Chrysler, for forgetting their cash-cow customer base, which loves large gas-guzzling sport utility vehicles and big honkin' pickup trucks. Last week, Cracker Barrel laid a more epic duck-up right in the grill of their core customer and fan base. In full disclosure, I've never been to a Cracker Barrel (ticker: CRBL). But even before that, The Wall Street Journal reported in June that CRBL is "decluttering" its stores. The clutter included farm tools, butter churns, and other folksy…
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May 20
Love134

Pants On Fire Fact Pickers

By Energy Rant No Comments
I'll lead with the conclusion: decarbonization will continue if it costs less than conventional sources, with caveats. The caveats are externalities. Thermal sources of electricity, including coal, natural gas, and nuclear, are associated with externalities of carbon dioxide emissions, coal ash (which is rich in exotic rare earth minerals, aka, coproducts), and radioactive waste. At least radioactive waste is contained in tiny secure containment vessels, the cost of which is not socialized over all humans and the broader environment. Renewable sources of electricity and batteries also have externalities that no one wants to discuss. The big ones include production and…
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Dec 09
Love113

Two Questions for Electric Utility Stakeholders

By Energy Rant No Comments
Remember the theory that deregulation in the late 1990s would waive the need for energy efficiency programs? If not, you can read up on the Great Depression in Energy Efficiency, the origins of which began with the 1992 Energy Policy Act. I believe the theory at the time was that electricity prices would be so low that energy efficiency couldn't possibly compete. Or maybe the theory was, "We're deregulating; efficiency programs are a regulatory thing, so we no longer need them." I've written this blog for over 15 years, producing roughly 700 posts. I can't say that I've written a…
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Aug 21
Love42

The TRC Is Calling – Has Anyone Seen 1979?

By Energy Rant No Comments
Last week Michaels Energy delivered a webinar, Achieving Grid Resiliency with Thermal Energy Storage. There are about 70 gigawatts of refrigeration load in the United States frozen storage and chilled-water HVAC systems alone. That 70 GW does not include distributors like Sysco or U.S. Foods, grocery distribution centers like Walmart or Kroger, food manufacturers like Tyson or Nestle, grocery stores, convenience stores, or restaurants. Add it all up, and well over 10% of the total peak load in the U.S. is sitting there in bags, boxes, and buckets of food, waiting to be used as a flexible load-shifting and management…
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Oct 11
Love4

Phony Avoided Cost Models in a Free-Agent Market

By Energy Rant No Comments
The last two posts, Nuclear Power over the White Rabbit and the Clean Power Plan Corpse, demonstrated the fruits of an undiversified baseload fleet of power generation. Electricity prices, which were so low during most of my career that few cared about them, are soaring as natural gas - the basket in which all eggs lie - has become a global fuel. I predicted this as recently as 2017; Reverse Diversification Coming to a Utility Near You. Solar, wind, and storage will never compete with thermal baseload power generation in our lifetimes. I’m covering three things in this post due…
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Sep 27
Love3

Nuclear Power over White Rabbits for a Reliable, Affordable, Zero-Carbon Future

By Energy Rant No Comments
I update my electrification slides for the Wisconsin Public Utilities Institute’s Utility Basics course every year with the latest technologies, sales data, and energy, commodity, and equipment/vehicle prices. Year over year, electricity prices at my home have increased 15%, for now, based on fuel alone. That is minuscule compared to what is proposed in the Northeast. EnergyCentral.com linked to a Patch article that said Eversource Massachusetts is filing for a 38% hike on top of a 22% jump last winter. National Grid is filing for an unprecedented (in my world) “increase from last winter's 14.82 cents per kilowatt-hour rate to…
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Dec 21
Love0
Looking back at 2021 Forecast

Looking Back at the 2021 Forecast

By Energy Rant No Comments
Predicting the future with infinite degrees of freedom is hard, especially when projected years into the future. A few years ago, Public Utilities Fortnightly posted an article about the accuracy of The Jetsons forecasting the future. William Hanna and Joseph Barbera got about half of it right, which isn’t bad for a 60-year projection. I researched this because I found an error in the PUF article that said there were no area codes in Jetson time (1962-1963). A quick online search indicates area codes started in the 1940s. Technologies from the Jetsons that we have today include moving walkways, treadmills,…
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Jul 15
Love0
Before and after wind and deregulation

Wind’s Dramatic Impact on Pricing – In Two Directions – Why?

By Energy Rant No Comments
This is the second in a two-post series on electricity prices as impacted by deregulation and renewable energy penetration. Last week we explored deregulation in Regulation v Deregulation in True Color. This week, we examine the effects of increasing shares of renewable energy (like wind) being added to the grid. Again, the source for all this information is the U.S. Energy Information Administration, so you can fact check away! To recap, we are examining four regional markets as follows: Regulated Midwest states of South Dakota, Minnesota, and Iowa Deregulated Midwest states of Illinois, Ohio, and Pennsylvania Deregulated Texas Deregulated and…
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Jan 22
Love0

Untold Story of Disappearing Energy Jobs

By Energy Rant No Comments
On the subject of electricity generation sources and price, I’ve been reading numerous articles from various bona fide sources and started connecting dots. Public Utilities Fortnightly (PUF) has written about historically low electricity prices, as a percent of GDP or household spending, numerous times in the past year. Electricity price escalation has not kept pace with the consumer price index. As of last August, Steve Mitnick, of PUF shared data, which I plotted on the chart below.A year ago, I wrote about this topic as well in Low Electricity Prices - For How Long?. In that post, I explained how…
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