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.

Similar Posts

  • Thought Provoking Questions About Atomic Energy from a High School Student

    ByRod Adams

    One of the pleasures that I get from writing Atomic Insights is being contacted off line by someone who is intrigued by what I have written. Over the years, those off line contacts have resulted in some excellent friendships and correspondence. Several weeks ago, a local high school student made contact for some assistance with…

  • Stand by for a rough ride

    ByRod Adams

    As we watch Hurricane Katrina come ashore and pray for the safety of the people who were not able to evacuate, there is little doubt that oil and natural gas production in the Gulf of Mexico is going to be seriously affected by this massive storm. Off shore wells and the pipelines that connect them…

  • Aussie minister accuses anti-nukes of "environmental vandalism"

    ByRod Adams

    In an article published in the New Zealand Herald’s 2 November 2005 on line edition, Senator Ian Campbell (also identified as Australia’s environment minister) stated: “Any politician who stands in the way of providing uranium to the world is committing an outrageous act of environmental vandalism.” As is often the case for a politician, he…

  • Nuclear fuel recycling discussion with NNadir on The Atomic Show Podcast

    ByRod Adams

    The Nuclear Fuel Recycling Discussion in South Carolina broke an all time record for the number of comments received on an Atomic Insights post. I got so interested in the discussion that I invited one of my favorite bloggers – NNadir from Daily Kos – on to The Atomic Show Podcast to discuss some of…