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The Water Cooler
General Discussion
OG & E email 2/14/21 @ 18:53
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<blockquote data-quote="chadh2o" data-source="post: 3522374" data-attributes="member: 40131"><p><strong>$9.00 per kilowatt hour! SOB, my OGE panels says $.047 kw/hr at the moment.</strong></p><p><strong></strong></p><p><strong>Snip...</strong></p><p><strong></strong></p><p><strong>Wholesale power for delivery Sunday was trading at anywhere from $3,000 to $7,000 a megawatt-hour in some places, triple the records set in some places Saturday and a staggering 2,672% increase from Friday at Texas’s West hub. </strong>Average spot power prices were just shy of $1,000 per megawatt hour during peak hours Sunday morning, according to data compiled by Bloomberg.</p><p></p><p>As one Houston energy trader so eloquently explained, <strong>Texas electricity customers are about to get "lubelessly pounded" as prices explode</strong>:</p><p></p><p><strong>Scary as **** surge...</strong></p><p></p><p>Sunday day ahead cleared 4765 for the peak and 2297 for the offpeak. HANDS DOWN BY FAR HIGHEST CLEAR ON RECORD.</p><p></p><p><strong>And yep, all those folks on griddy were paying 9$ per KWh earlier today and continue to get lubelessly pounded</strong></p><p></p><p>“Spot prices are expected to hit $9,000 on both Monday and Tuesday,” said Brian Lavertu, a trader for Active Power Investments.</p><p></p><p><a href="https://www.zerohedge.com/energy/energy-emergency-texas-power-provider-warns-rotating-outages-cold-weather-tests-limits-grid" target="_blank">https://www.zerohedge.com/energy/energy-emergency-texas-power-provider-warns-rotating-outages-cold-weather-tests-limits-grid</a></p></blockquote><p></p>
[QUOTE="chadh2o, post: 3522374, member: 40131"] [B]$9.00 per kilowatt hour! SOB, my OGE panels says $.047 kw/hr at the moment. Snip... Wholesale power for delivery Sunday was trading at anywhere from $3,000 to $7,000 a megawatt-hour in some places, triple the records set in some places Saturday and a staggering 2,672% increase from Friday at Texas’s West hub. [/B]Average spot power prices were just shy of $1,000 per megawatt hour during peak hours Sunday morning, according to data compiled by Bloomberg. As one Houston energy trader so eloquently explained, [B]Texas electricity customers are about to get "lubelessly pounded" as prices explode[/B]: [B]Scary as **** surge...[/B] Sunday day ahead cleared 4765 for the peak and 2297 for the offpeak. HANDS DOWN BY FAR HIGHEST CLEAR ON RECORD. [B]And yep, all those folks on griddy were paying 9$ per KWh earlier today and continue to get lubelessly pounded[/B] “Spot prices are expected to hit $9,000 on both Monday and Tuesday,” said Brian Lavertu, a trader for Active Power Investments. [URL]https://www.zerohedge.com/energy/energy-emergency-texas-power-provider-warns-rotating-outages-cold-weather-tests-limits-grid[/URL] [/QUOTE]
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