The impossible just happened in Texas

[FGB]

The impossible just happened in Texas.

"And then a very strange thing happened: The so-called spot price of electricity in Texas fell toward zero, hit zero, and then went negative for several hours"


more... http://www.businessinsider.com/the-impossible-just-happened-in-texas-2015-9?ref=yfp

 

[Bert Notorius]

does that take into consideration the unpaid balance on all those wind machines?

 

[JohnnySavage]

I thought this was going to be about Texas teaching science.

 

[OjosMojo]

The impossible just happened in Texas.

"And then a very strange thing happened: The so-called spot price of electricity in Texas fell toward zero, hit zero, and then went negative for several hours"


more... http://www.businessinsider.com/the-impossible-just-happened-in-texas-2015-9?ref=yfp

Great. Now all the progressive parasites will start whining and moaning about how unfair it is for Texas to have what's probably the world's greatest, developed wind-power capacity and not sharing it with all the poor lemmings living elsewheres.

Within a few short years it is predicted that Texas will produce more wind-power than the rest of the nation combined. And all on its own.

Viva la revolución!

 

[Conager]

I thought this was going to be about Texas teaching science.

I laughed.

 

[BotanyBoy]

I thought this was going to be about Texas teaching science.

LOL good one.

 

[LadyVer]

The impossible just happened in Texas.

"And then a very strange thing happened: The so-called spot price of electricity in Texas fell toward zero, hit zero, and then went negative for several hours"


more... http://www.businessinsider.com/the-impossible-just-happened-in-texas-2015-9?ref=yfp

What's more interesting is that you read Business Insider.

 

[sybarite_1]

I thought this was going to be about Texas teaching science.

Ha Ha Haaaaa

They only believe in GMOs

 

[FGB]

What's more interesting is that you read Business Insider.

I read a wide range of topics and articles... always have.

 

[sybarite_1]

I read a wide range of topics and articles... always have.

Oooo
Give us a list luv

 

[FGB]

Oooo
Give us a list luv

Not tonight.

Time to eat a small snack read a chapter or so of one of my favorite paperbacks and crash.

I'm still recovering from the "East Texas Crud" as the dude at "Doc in the Box" called it. I pushed it today working on the small boat getting it ready to sale and then a ceiling fan.

4:45 CST comes early!

 

[juttjaw]

The impossible just happened in Texas.

"And then a very strange thing happened: The so-called spot price of electricity in Texas fell toward zero, hit zero, and then went negative for several hours"


more... http://www.businessinsider.com/the-impossible-just-happened-in-texas-2015-9?ref=yfp

Pretty sure Iowa is a close #2 to Texas in wind generated electricity. I work closely with two of Iowa's major coal fire power plants and have seen the reduction in megawatts produced significantly. Mostly in the fall and spring months. They will totally bring a 600 megawatt facility offline for days because the wind turbines are more than keeping up with demand.

 

[4est_4est_Gump]

"Well, there’s one more wrinkle. Typically, wind is bid at the lowest prices — because you don’t need fuel, it doesn’t really cost that much money to keep wind turbines moving once they’ve been built. But wind operators have another advantage over generators that use coal or natural gas: A federal production tax credit of 2.3 cents per kilowatt-hour that applies to every kilowatt of power produced.

"And that means that even if wind operators give the power away or offer the system money to take it, they still receive a tax credit equal to $23 per megawatt-hour. Those tax credits have a monetary value — either to the wind-farm owner or to a third party that might want to buy them.

"As a result, in periods of slack overall demand and high wind production, it makes all the economic sense in the world for wind-farm owners to offer to sell lots of power into the system at negative prices."

 

[Sean Renaud]

Good for them. I shant pretend it doesn't hurt to say good job Texas on leading from the front because it does. But it's kinda funny to see that the state that is most singly responsible for anti-green legislation is the one getting the biggest benefit currently. I mean shit they DWARF the next state (California), hell the #2 and #3 states combined are a little more than 2/3rds of what Texas is raking in.