What is better than free electricity? Getting paid for using it!!!
In ERCOT the West Hub’s peak index average Tuesday was -$10.14 (it printed negative all day). What does that mean?
Generators in ERCOT’s West hub had to PAY to generate electricity and buyers got paid for taking it!!
Blame it on the federal tax credits for wind generation. But love it at the same time!!! Texas enjoys some of the lowest electricity rates in the nation in large part due to the wind generation. Thanks tax payers all over the nation.
Estimated Peak Load 4.8.16
37,853 MW (1,871 MW)
Estimated Peak Wind Generation 4.8.16