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wholesale electricity markets

Capacity Market Poker

By Energy Rant No Comments
About two weeks ago, New England got a punch in the mouth from old man winter. I tuned into the Mt. Washington Observatory (New Hampshire) to check the conditions. On Friday evening, February 3, it was cool and breezy at minus 46°F with 99 mph wind and freezing fog. I dig that. Today’s post continues last week’s discussion on wholesale electricity markets, including capacity and energy-only markets. Summary of that post: Wholesale markets are headed for trouble because Electricity cannot and will not be stored in bulk quantities Society cannot function without electricity Grid loads are getting spikier, and that…
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Wholesale Electricity Market Mechanisms

By Energy Rant No Comments
PSA I thought of making some wisecracks about the trial balloon that the Chinese Communist Party drifted over the United States. Whatever the intent, it’s no good. The thing that gave me a chill is that these balloons are a top ‘delivery platform’ for a nuclear EMP (electromagnetic pulse) attack. These balloons “can fly up to 200,000 feet, evade detection, and carry a small nuclear bomb that, if exploded in the atmosphere, would shut down the grid and wipe out electronics in a many-state-wide area.” I mentioned this last week and wrote an entire post on this threat five years…
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