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Texas Electric Price Goes Negative
Views: 679
Sep 20 2015 12:50 AM | eds in Wind Power
Texas has way more wind power than any other state.
Texas runs an electricity grid,
. . . that does not connect with those that serve other states.
Typically, wind is bid at the lowest prices—because you don’t need fuel,
. . . it doesn’t really cost that much money to keep wind turbines moving,
. . . once they’ve been built.
But wind operators have another advantage,
.. .over generators that use coal or natural gas:
. . . a federal production tax credit of 2.3 cents per kilowatt-hour,
. ..that applies to every kilowatt of power produced.
And that means that even if wind operators give the power away,
. . . or offer the system money to take it,
. . . . they still receive a tax credit equal to $23 per megawatt-hour.
9-19-2015 Source: Texas Electric Price Goes Negative
Texas runs an electricity grid,
. . . that does not connect with those that serve other states.
Typically, wind is bid at the lowest prices—because you don’t need fuel,
. . . it doesn’t really cost that much money to keep wind turbines moving,
. . . once they’ve been built.
But wind operators have another advantage,
.. .over generators that use coal or natural gas:
. . . a federal production tax credit of 2.3 cents per kilowatt-hour,
. ..that applies to every kilowatt of power produced.
And that means that even if wind operators give the power away,
. . . or offer the system money to take it,
. . . . they still receive a tax credit equal to $23 per megawatt-hour.
9-19-2015 Source: Texas Electric Price Goes Negative
