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To: JimWayne
Traders who noticed this in time and took a position made a killing as the cost per megawatt shot up to 3000 dollars an hour.

3000/MWHr? Wow!! I remember, before "deregulation", when the emergency power rate was $100/MWHr. And we used to complain back then.

72 posted on 02/06/2011 12:30:08 PM PST by meyer (We will not sit down and shut up.)
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To: meyer

Yes, it went up to $3000/MWH. I am not joking.


73 posted on 02/06/2011 12:32:40 PM PST by JimWayne
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To: meyer

Thinking about that $3000/MWHr for a minute - the case could be made that if that cost could actually be passed through the the end user, the end user would curtail most of their use and demand would drop as a result. OF course, if the ratepayer had to carry the burden at on-peak pricing, they would certainly have to be given the opportunity to share the cheap off-peak rates when they occur.


74 posted on 02/06/2011 12:32:51 PM PST by meyer (We will not sit down and shut up.)
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