SimonMahanMISO and SPP electricity prices this morning - wind energy in the northern parts of the systems are keeping prices low there. #energymastodon
Ariaflame@simonmahan A system that gouges people when they are at their most vulnerable is not a good system. (talking about the places where it is high)
Walt Baldwin@ariaflame @simonmahan fwiw - households won't directly see impact from lmp. (let's not talk about tx for now ;) could see some from monthly fuel cost adj but in theory should settle out over year.
fuel cost adj policy/calc may warrent more attention to ease impact on households with tight finances.
All electric systems operate this way, whether you see the prices on maps or not. Power Co's use cheapest power first, then when power demands get high, use more expensive resources and the costs go up. The higher prices are meant to encourage cheaper sources to come online over the long run, like wind and solar, and encourage efficiency and conservation immediately. Clear price transparency does that.
@simonmahan @waltbaldwin Which works if there is the capacity for those sources. If the grid itself is meh or they've discouraged such sources it can still end up with high costs passed on to consumers. Where I live the State government had mandated the gas producers retain some for local consumption, at reasonable prices, not just sell overseas. So where we were costs did not go through the roof when the natural gas shortages occurred.