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Wholesale Market Prices for Electricity in California: Where They Have Been and Where They May Be Going. Presentation to Association of Bay Area Governments by Bob Grow, September 14, 2000 Electricity Analysis Office, California Energy Commission.
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Wholesale Market Prices for Electricity in California: Where They Have Been and Where They May Be Going Presentation to Association of Bay Area Governments by Bob Grow, September 14, 2000 Electricity Analysis Office, California Energy Commission
This graph is only an illustration; it does not represent real bids.
MCP This graph is only an illustration; it does not represent real bids.
Average price for all months prior to September 99 was $26.20/MWh
Cost Estimates for Proposed New Gas-Fired Combined Cycle Power Plants in California Source: California Energy Commission Siting Division
Forecast • NP 15 prices average around $100/MWh in this fall and early winter • Late winter prices around $80/MWh • Spring prices depend on hydro • Summer 2001 prices lower than summer 2000 • Prices equal revenue requirements by middle of 2003 • Prices too low for revenue requirements by 2005 Forecast only represents the author’s guesses, and not any findings by CEC.