@GoGriddy why has each months average price been higher than the last?? You’d think November would be lower than September!
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Hi Martin! We understand your confusion. A couple of things have happened, less wind gerneration and colder weather than the grid expected as well as nuclear power plants being down when they were scheduled to run.
Unfortunately, there isn't a lot of wind generation in the Houston area. Most of it is up in the panhandle and in west Texas, and wind output there has been generally disappointing lately.
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Oct. and Nov. are supposed to be the low demand months, so that's when plants schedule their maintenance. When the weather is unseasonably warm like it was in Oct. and the first part of Nov., a lot of plants that would normally be there to pick up the slack aren't available.
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And the unavailability of those plants are what cause price spikes. Unfortunately, we see it every year around this time, but over the long run the wholesale price is always the best.
End of conversation
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