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- 23 April 2008
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I can't get my head around how wholesale electricity prices can go negative.The issue retailers have is that during the middle of the day they are getting more solar than they can sell at 27 cents, and the wholesale rate often goes negative.
So they are sometimes paying us our 10cents, but having to give away the power for much less, then some times later in the after noon during peak demand they have to buy power for over 27cents and sell it do us at a loss.
It’s a weird business, wear whole sale rates constantly fluctuate but retail prices are fixed.
That’s why I mentioned above that Ev’s might be their saving grace, adding a lot of load at times when in general whole sale rates are low.
Clearly they don't if they can..I can't get my head around how wholesale electricity prices can go negative.
Common sense says once a price is set to zero, it is free, that is as good as it gets.
If a price becomes negative, why would a electricity generator supply electricity at all?
I am not entirely sure of the pricing mechanism, but I believe its something to do with certain amounts of power being already under firm contracts, so if you have certain parties pushing excess power onto to the grid, then some one else has to shut down some of their production, and if they have a contract they will still want to be paid, so the price goes negative as a form of penalty.I can't get my head around how wholesale electricity prices can go negative.
Common sense says once a price is set to zero, it is free, that is as good as it gets.
If a price becomes negative, why would a electricity generator supply electricity at all?
I would have thought that with the ACT there would be no need for other forms of power generation, unlimited quanities of methane coming from the 2 Houses of Parliament.No worries, Mick. Plenty assume that people who live here are politicians by association.
Let's suppose I have something to sell, an old couch for example.I can't get my head around how wholesale electricity prices can go negative.
Common sense says once a price is set to zero, it is free, that is as good as it gets.
If a price becomes negative, why would a electricity generator supply electricity at all?
Unfortunate to say the east.NSW Labor MPs, staffers and the travelling press pack have abandoned the party’s “zero emissions” election campaign bus in favour of a diesel alternative after realising the vehicle did not have the range to complete the trip.
Just days out from the March 25 election, Labor leader Chris Minn’s campaign has run aground, after staff belatedly realised the ALP-branded, all-electric bus would not make it back from Warragamba Dam, on Sydney’s western fringe.
The vehicle has only been operational since last week, ferrying journalists between media events. But only possessing a range of 300km, Labor staffers and journalists were forced to ditch the Australian-made vehicle in Camden, swapping onto a diesel alternative.
Hello John,
Due to an interruption to telecommunication services some charge stations on the Chargefox network are offline.
We are working with the telecommunications supplier to resolve the issue.
In the meantime please check the Chargefox app for station availability.
We will update you as soon as the issue is resolved.
Thank you for your patience and understanding at this time.
The Chargefox team
I wouldn’t say that it shows the limits of electric vehicles, it just shows the limits of that particular vehicle.in an unfortunate example of the limits of electric vehicles, the NSW Labour election entourage have had to abandon their"non polluting" electric bus on the campaign trail as it lacked the range required.
From Evil Murdoch press
Unfortunate to say the east.
mick
That should be in the political satire thread IMO. ?in an unfortunate example of the limits of electric vehicles, the NSW Labour election entourage have had to abandon their"non polluting" electric bus on the campaign trail as it lacked the range required.
From Evil Murdoch press
Unfortunate to say the east.
mick
Also you get to wear the tee shirt. LolJust received an email from Chargefox -
Not blaming Charge fox, even though there should be a bullet proof system in place, but if the banks can't stop EFTPOS facilities going down (like I experienced a few weeks ago at the local cafe) what chance does a small company have.
During 20 months of Tesla ownership, I have not experienced this issue with the Tesla charging network. I think that the Tesla communicates directly with the charging unit, no phone required. Hopefully this will stay that way when in a few weeks we take the Tesla on a 2000km drive.
That should be in the political satire thread IMO. ?
Don't scratch your batteries ...................
If you have a minor bump but happen to put a mark on any of your batteries you may have a problem
<<EVs constitute only a fraction of vehicles on the road, making industry-wide data hard to come by, but the trend of low-mileage zero-emission cars being written off with minor damage is growing. Tesla's decision to make battery packs "structural" - part of the car's body - has allowed it to cut production costs but risks pushing those costs back to consumers and insurers.>>
Insight: Scratched EV battery? Your insurer may have to junk the whole car
For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles - leading to higher premiums and undercutting gains from going electric.www.reuters.com
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