On Wed, 23 May 2012 15:42:53 -0700, Lamont Cranston <Fri...@Umbra.org>
wrote:
>On 5/22/2012 7:18 PM, Mal wrote:
>>
>>
>> Obama’s war on coal hits your electric bill
>>
>> By Phil Kerpen
>>
>> May 22, 2012
>>
>> Obama’s War on Coal has already taken a remarkable toll on coal-fired
>> power plants in America.
>>
>> Last week the U.S. Energy Information Administration reported a
>> shocking drop in power sector coal consumption in the first quarter of
>> 2012. Coal-fired power plants are now generating just 36 percent of
>> U.S. electricity, versus 44.6 percent just one year ago.
>
>That's great news! Thanks for posting.
The market-clearing price for new 2015 capacity – almost all natural
gas – was $136 per megawatt. That’s eight times higher than the price
for 2012, which was just $16 per megawatt. In the mid-Atlantic area
covering New Jersey, Delaware, Pennsylvania, and DC the new price is
$167 per megawatt. For the northern Ohio territory served by
FirstEnergy, the price is a shocking $357 per megawatt.
Why the massive price increases? Andy Ott from PJM stated the obvious:
“Capacity prices were higher than last year's because of retirements
of existing coal-fired generation resulting largely from environmental
regulations which go into effect in 2015.” Northern Ohio is suffering
from more forced coal-plant retirements than the rest of the region,
hence the even higher price.
http://www.foxnews.com/opinion/2012/05/22/obamas-war-on-coal-hits-your-electric-bill/print#ixzz1vnUwqwac