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Article #2277Re: Power execs blame gas prices and environment regs for highelectricity costs
From: Jeffrey Siegal
Date: Fri, 19 Jan 2001 01:21
Date: Fri, 19 Jan 2001 01:21
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2383 bytes
John Higdon wrote: > in article e9ge6t0mgfn3ki4lqi930ftt2815sjqr2k@4ax.com, KnowItAll wrote: > > > The generating companies aren't making big bucks because natural gas > > which fuels many of the plants as well as my home is several times > > higher than last year. > > But not ten or fifty times higher, which is what the generators are charging > for their (artificially) scarce electricity. In point of fact, the price of natural gas did increase by about a factor of ten (although it has come down a bit). In reality, the electricity prices are *not* ten to fifty times higher. You are referring to the maximum peak prices that are widely reported in the sensationalist media. But these only persist for a very short period of time. The prices during the rest of the day are much lower. In December, the average over 24x7 was about 30, or about six times higher than before the crisis. That's actually in line with the increase in gas prices.
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 106ed4,60de1b05ab3a48db X-Google-Attributes: gid106ed4,public X-Google-Thread: 107e5d,60de1b05ab3a48db X-Google-Attributes: gid107e5d,public X-Google-Thread: f824f,60de1b05ab3a48db X-Google-Attributes: gidf824f,public X-Google-Thread: 102fd5,60de1b05ab3a48db X-Google-Attributes: gid102fd5,public X-Google-Thread: 1026d8,6b1e07b0e571ae1e X-Google-Attributes: gid1026d8,public X-Google-ArrivalTime: 2001-01-18 17:21:14 PST Path: arc1-ca.pugleaf.net!supernews.google.com!sn-xit-02!sn-post-01!supernews.com!corp.supernews.com!not-for-mail From: Jeffrey Siegal <jbs@quiotix.com> Newsgroups: sci.energy,ba.general,ca.general,ba.politics,co.politics Subject: Re: Power execs blame gas prices and environment regs for highelectricity costs Date: Thu, 18 Jan 2001 17:21:12 -0800 Organization: Posted via Supernews, http://www.supernews.com Message-ID: <3A679688.109D7D9F@quiotix.com> X-Mailer: Mozilla 4.76 [en] (WinNT; U) X-Accept-Language: en MIME-Version: 1.0 References: <3A6583AC.5D68B762@quiotix.com> <B68B2337.3100D%no-spam@RadioMonopoly.com> <t6c11gppjjo490@corp.supernews.com> <B68B4BA1.31063%no-spam@RadioMonopoly.com> <e9ge6t0mgfn3ki4lqi930ftt2815sjqr2k@4ax.com> <B68C878C.31218%no-spam@RadioMonopoly.com> Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-Complaints-To: newsabuse@supernews.com Lines: 20