Aug
02
2018

The Long Shadow of Negative Pricing

 

Top Takeaways:

Renewable energy plays a valuable role in the nation’s generation mix. But when renewable energy flows into the wholesale market at prices below zero, the generation mix is distorted over the long haul. There really is no such thing as “free electricity.”

Like many people, I love free stuff. Tote bags and coffee go-cups top my list of free energy conference swag. So, I can understand why renewable energy enthusiasts enjoy discussing “negative pricing” and the benefits for consumers’ electricity bills. Some trumpet “free electricity” in a manner that calls to mind cell phone advertising.

However,

May
22
2018

A Tale of Two States - Deregulation in Texas

Last month, the Texas Coalition for Affordable Power (TCAP) released an update to its regular report on Texas’ deregulated power market. TCAP is a not-for-profit that helps aggregate electricity purchases for dozens of cities in Texas, and so has a vested interest in monitoring the state’s complicated and ever-changing electricity markets. TCAP’s analysis can help you decide whether the Texas deregulation “miracle” is a tall tale.

I became a TCAP fan last summer after identifying them as one of the nation’s few organizations able to discuss “capacity markets” in plain English.

Since Texas is so frequently held up as an

May
08
2018

TVA Generation Mix: Celebrating Wins for Consumers

This past weekend, the Chattanooga Times Free-Press published an article updating readers on the Tennessee Valley Authority’s multi-year program to transition its generation mix. Nearly a decade ago, in 2011, a lawsuit by environmental groups led to a settlement agreement. TVA has lived up to the agreement by taking sweeping actions to reduce emissions while providing affordable and reliable power to a growing population.

To be sure, TVA looks different today than it did in 2011. Over the past seven years, the utility has shut down 33 coal units and updated other coal units to reduce emissions. It has also