Electricity prices charged to German households by local utilities have reached record highs, driven by high wholesale and carbon prices that are passed down to consumers, internet portal Check24 said on Tuesday, adding gas prices were also up.
The Gibbons Creek Generating Station in Central Texas will not operate this summer, as reported here by the Houston Chronicle. The plant’s closure represents a loss of 470 megawatts of power. The closure will severely impact the amount of reserve power available to handle demand surges during the hot summer months, leaving the state with just a 7.4 percent margin instead of ERCOT’s goal of 13.7 percent.
Wholesale power prices were 14 to 60 percent higher in 2018 than in 2017, according to a report released by the U.S. Energy Information Administration (EIA). The exact amount of increase depended upon the region, with the ERCOT electricity market in Texas reflecting the highest increase in power prices.
When you open your ESCO, you may have a series of goals and a plan to grow your portfolio to earn great profits. Whether you are looking at a variable portfolio that is heavy on residential or a long-term, fixed-price book, proper pricing becomes the key to achieving that success. No matter what strategy you choose to pursue, the key to it all is making sure you build your price properly. You can’t miss on any charges, because if you do, you could possibly end your whole endeavor before you even get started.
Natural gas took a breather after its biggest gain in eight years as forecasts for lingering U.S. cold spurred concern supplies may not be enough to meet winter demand.