California Power Facing Biggest Test Since Enron: Energy Markets
California may face the biggest regional power shortages in more than a decade this summer, sending wholesale prices higher, as idled nuclear reactors and low hydroelectric output cut generating capacity.
Join the discussion below, or Read more at Bloomberg.
#1 Apr 20, 2013
"These regulations will reduce Californias reserve margins from 40 percent this year to about half of that by 2020 and shift supplies to more variable sources such as wind and solar that depend on the weather, said Dumoulin-Smith."
"This summer if there is an issue, it would highlight those structural problems because you are going to lose capacity, he said."
Moral of the story, manipulation of the power supply by creating outages by taking plants offline for "unscheduled" maintenance is illegal. But regulating plants offline that could cause the same problems ENRON did in 2000-1 is O.K.
Add your comments below
|Duke Energy Duke Energy turned N.C.'s sunny day...||19 hr||Solarman||3|
|BRIEF-Lowe's preps for layoffs as it shifts to ...||Jan 15||Jackazz||1|
|In Blue Mound, turning the valves on a new city... (Oct '15)||Jan 14||Mosaic pollutes||24|
|York Water getting the lead out quicklya||Jan 14||Mosaic pollutes||1|
|Power generating station beginning to take shape (Jan '08)||Jan 14||Town got Hush cash||122|
|The Latest: Senate to hold hearing on election ...||Jan 11||Batch 37 Pain Is ...||44|
|UPDATE 1-U.S. Democrats, citing Russia, Exxon, ...||Jan 5||The Real Donald T...||1|
Find what you want!
Search Energy Forum Now
Copyright © 2017 Topix LLC