Reuters Story About Effects of Wind and Nuclear On Spain's Electricity Market Prices

ByRod Adams

As part of my continuing education on the effects of various kinds of power on the market price for electricity, I found the following story to have some interesting food for thought. Iberian prompt power eases on strong winds. Here are a couple of the more meaty quotes:

Iberian wholesale power prices for prompt delivery mostly extended prior falls on Tuesday as strong winds boosting cheaper electricity supplies were expected to blow harder.
. . .
Wind power was forecast to slip again on Thursday, which may bolster prompt prices on Wednesday. But an additional 1,000 MW of relative cheap nuclear power may undercut prices if the Cofrentes plant finishes refuelling on schedule.
. . .
In other news, Spain’s hydropower reserves fell again due to drought last week, and now stand at 7,869 gigawatt-hours, or enough to meet demand for about 11.3 days.

Rod Adams
Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

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