Three Charts Show Power Glut Holding Fast in Biggest U.S. Market
https://www.bloomberg.com/news/articles/2017-04-06/three-charts-show-power-glut-holding-fast-in-biggest-u-s-marketApril 7, 2017
A glut of supply in America’s biggest power market may be sticking around for a while.
This May, newly-built or expanded natural gas-fired plants, wind farms and solar installations will compete in an annual auction for electricity supplies in the mid-Atlantic and Midwest. As demand flags, the flood of generation means payouts from the grid manager, PJM Interconnection LLC, may fall to as low as $90 a megawatt-day, the lowest in four years, according to Prajit Ghosh, director of power and renewables research at Wood Mackenzie Ltd. in Houston....
