[Prince]

This can't be right, can it? I guess it's all speculation based on the recent heatwave, but the price seemed to triple today.

http://www.bloomberg.com/energy/

[gnm]

OMG that has to be incorrect right?, RIGHT? Electricity has hovered in the 50-90 range and now its showing almost 300!?

-G

[mekrob]

Holy F*(^! That can't be right...There's no reason for it to be so sudden. I can understand over the past week, but in one day? 100% jump was the smallest.

[sch_peakoiler]

In europe the peak was at EUR 390 / MWh. And that IS USD 500

a link from www.oelgipfel.de , our gerrrman friends, so all of you Achtung!

http://www.eex.de/index.php?session=888 ... 112&params[5

The reason in Europe seems to be a recent powerdown on some nuclear power plants due to high temps. NPPs are not allowed to heat the water in rivers beyond a certain mark (25 degrees centigrade) so some of them had to be partially powered down to prevent this heating pollution. This powerdown is of course enhanced by growing consumption, caused by the same reason - the heat Double strike.

[Fergus]

How soon before that starts showing up on our bills?

[sch_peakoiler]

$this->bbcode_second_pass_quote('Fergus', 'H')ow soon before that starts showing up on our bills?

[NTBKtrader]

this happened in the UK a week ago, does anyone know if it held?

Electricity prices trebled on Tuesday, prompting idle power stations to start operating after the unusually hot weather led to shortages of power in the UK.

Soaring temperatures led to a rise in demand for electricity to power air conditioners and refrigerators, but at the same time several power stations were out of action for repair work.

https://registration.ft.com/registratio ... e2340.html

http://www.lse.co.uk/FinanceNews.asp?sh ... es__report

[abelardlindsay]

That's the meaning of a steep demand curve. Maybe peak oil will show up that way too, with an overnight doubling of gas prices.

[rogerhb]

$this->bbcode_second_pass_quote('abelardlindsay', 'T')hat's the meaning of a steep demand curve. Maybe peak oil will show up that way too, with an overnight doubling of gas prices.

[SILENTTODD]

And here I thought Ken Lay (ENRON) was dead and burning in hell!

[perdition79]

Sure, it's a bit of a spike, but it doesn't seem too extreme. That's the west coast spot price, and power demand is expected to be 52,000 megawatts, a peak that wasn't supposed to be reached until 2011.

http://www.nytimes.com/2006/07/23/books/review/24cnd-heat.html?ei=5065&en=420f6383586b777d&ex=1154404800&partner=MYWAY&pagewanted=print

[dbarberic]

Can someone who knows the ratio of MWH to KWH, convert the price to KWH? I know that in NE Ohio we pay about $0.12 per KWH. Because the price is quoted in MWH, I have no basis to say if this is very expensive electricity or not.

[pedalling_faster]

that's 30 cents a kilowatt-hour.

last time i was in Canada it was 6 cents a kilowatt-hour.

in San Diego the rates seem to range from 10 to 20 cents a kilowatt hour, if you use less the rate is lower.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('dbarberic', 'C')an someone who knows the ratio of MWH to KWH, convert the price to KWH? I know that in NE Ohio we pay about $0.12 per KWH. Because the price is quoted in MWH, I have no basis to say if this is very expensive electricity or not.

[J-Rod]

[url=http://]Web Page Name[/url] is your friend. Use it, love it.

[aahala]

There were a wide range of figures reported concerning the
highest price paid for electricity during the 2001 California
crisis. As I recall, the top was confirmed to have been nearly
$3,900 MW.

[jdmartin]

$this->bbcode_second_pass_quote('EnergyUnlimited', '')$this->bbcode_second_pass_quote('dbarberic', 'C')an someone who knows the ratio of MWH to KWH, convert the price to KWH? I know that in NE Ohio we pay about $0.12 per KWH. Because the price is quoted in MWH, I have no basis to say if this is very expensive electricity or not.

[grabby]

$this->bbcode_second_pass_quote('dbarberic', 'C')an someone who knows the ratio of MWH to KWH, convert the price to KWH? I know that in NE Ohio we pay about $0.12 per KWH. Because the price is quoted in MWH, I have no basis to say if this is very expensive electricity or not.

[shortonoil]

1 MW=1000KW
1MWH=1000KWH

A watt is a measure of energy; like a joule or a calorie.
A watt- hour is a measure of work; like horse power

You can convert from Watt-hours to Watts by dividing by the number of hours. Example: 3600 watt-hours is the result of using 3600 watts for 1 hour, or the result of using 1 watt for 3600 hours .

[gnm]

Does anyone know why those prices have remained static today (at least on bloomberg) - no motion at all...

edit - oops spoke too soon - major drops now... But still up there compared to last week....

-G