Who buys electricity in the spot market? I suppose that Retail Electric Providers are the buyers, but 90%+ of their electric purchases are long-term contracts for baseline usage.
It doesn’t get to -3 in Texas.
Till it does.
When it does, you have a lot of energy contracted somewhere else you have to go get.
I am in Iowa, and our gas supplier has put us on restriction for Texas demand.
If the power utilities generation capacity is maxed out they have to go out in the market to buy enough power to supply their customers. Since a power utility cant store electricity, it made as it is used basically.
[[Who buys electricity in the spot market?]]
Can you spot me 30 KW’s?