Texas power prices signal grid stress in another long, hot summer

submitted by Cancelthis from (finance.yahoo.com)

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[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

...prices in August. Projected from April. I sleep.

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

This is not a projection! The price is the contract cost of buying electricity now for delivery in August.

When August arrives, will the spot price for immediate delivery be this high? That we don’t know. But if you want to lock in delivery in August right now in April, the wholesale cost is $0.16/kwh.

[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

It is a projection of estimated temperature, comrade

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Wrong.

[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

so they have no idea and they're guessing?