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.
