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energy market

Theory #2 For Batteries Increasing Emissions

By Energy Rant No Comments
As a glutton for punishment (I look forward to getting past sciatica so I can run marathons again), I tasked myself with getting to the technical bottom of this article from Utility Dive: Energy storage for grid reliability can increase carbon emissions: University of Michigan study. The article doesn't get into the details, so I dived into the source document sponsored by the University of Michigan – a brutal read – like the last miles of a marathon, maybe Heartbreak Hill or Central Park. I spare readers the pain so they can follow along from their La-Z-Boys.  I know enough about wholesale electricity markets to use terminology and…
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Texas Heat – An Energy Market

By Energy Rant No Comments
Texans may need Tabasco, not just for their favorite dish or condiment, but as a deterrent to chewing their fingernails as they ride the cliff of blackouts this summer. Numerous articles, including this most recent one I saw from the Fort Worth Star-Telegram, caution of rolling blackouts as capacity margins are less than 7.5%, which is about half the margin the Electric Reliability Council of Texas (ERCOT) would like to maintain. Supply and Demand I drew a cartoon showing supply and demand curves for differing scenarios below. Sales will increase slightly at lower prices. Electricity sales are very inelastic in…
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Wind Production Tax Credit

Capacity Market v Energy Market – What’s the Diff?

By Energy Rant 3 Comments
We are taking a break from exergy this week, and we are going to examine what is happening in distorted electricity markets around the country. This will be somewhat of a sequel to Regulating Deregulation and Wind's Other Big Subsidy. Too much of a good thing, or as they say, unintended consequences, is pushing the grid in some places toward instability. By the way, I scoff at the term “unintended consequences.” There are only two types of consequences: intended and ignorant ones.Utility Dive notes that Texas (Electricity Reliability Council of Texas – ERCOT) and the Southwest Power Pool are the…
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