“‘Because the most expensive generating facility sets the power price, that’s usually a gas plant, so it keeps prices on the high side.’”
AT
Arnue Tan BNEF European Power Team
Switched On ·
Arnue Tan, BNEF European Power Team · Switched On · Europe's Power Markets Face a New Balancing Act
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Stated that after wind and solar reach a saturation point, the system will need gas plants, which will drive long-term price increases
“‘Because the most expensive generating facility sets the power price, that’s usually a gas plant, so it keeps prices on the high side.’”
“In Wool's case, it's a matter of getting it out of an auction system, establishing the price point, building these long-term relationships…”
“‘When wind speeds are really low, you have no renewable generation, lots of demand and the system becomes really tight… we need more gas.’”
“Suspend the federal gas tax and the federal diesel tax, which would immediately drop the price of gas by 18 cents a gallon for Texans… save those who use diesel about $200 a year.”
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