Wind generation came in 1,000 MW lower than expected during the peak demand hours between 7- 9 PM. Coal ran 650 MW weaker than forecasted due to a unit trip in Houston. Also, the ORDC price adder kicked in with capacity dropping as low as 1,000 MW.
Let's talk about yesterday... Price spikes were due to a couple of different things. Peak demand was about 2,000MW stronger than forecasted coming in at 47,000MW. The demand increase can be attributed to the colder temps in major load centers.pic.twitter.com/eQ6koIhrU0
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What is important to understand is that the $4 price spike that occurred on average cost the average person 50 cents.
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