For those wondering $3.92 per megawatt hour is 3/10s of a cent per kWh. your RPP is charming you 9-12 cents for power it’s buying for 3/10s of a cent right now and West Texas ones are getting paid to take power as I type this.
Again this is a for profit deregulated grid run by a fully Republican state and we have no mandates to have solar or wind at all yet we have the most because they can and do produce sub $10 per megawatt power for now days at a time the last 48 hours have been 60% or more in wind, solar, nukes and batteries. Again in Texas none of this is mandated it’s all economics.
The Manhattan blow hard is wrong the numbers real time real world numbers for all to see don’t lie.
Here is the 15 min delayed public portal.
https://www.ercot.com/gridmktinfo/dashboards
You can clearly see how cheap power is when the wind and solar both are rocking. Every megawatt hour they make is 11,000,000 BTU of natural gas that doesn’t have to be bought at $4 per single million BTU or more it’s $3 at the Henry Hub that’s not delivered gas price that’s wholesale at the hub gas delivered is $4-5 per MMBTU and that sets the peak rates on our grid due to fuel costs alone at $50 megawatt hour that’s break even for fuel only in a turbine at $4 MMBTU delivered not including capex recovery or O&M in the turbine plants themselves. Gas is the most expensive power in the ERCOT grid again the real time numbers don’t have a agenda or feelings or hunches cold hard numerical values.
Thank you Texas, I am charging my powerwalls and getting paid for it right now as my VPP is being paid to consume as solar is not even near its peak it will only get deeper negatives
The February 2021, Texas winter power outage was caused because Solar and Wind power went to almost nothing and there was little or no battery backup. The regular power plants could not generate enough power (or were limited by the Biden administration from generating more or buying more from other providers through the grid). The problem is not generating wind and solar power, it is what do you do when there is no wind or bright sun and you don’t have 100% backup from other means of generation.