Title : Northern Illinois: Next Month's Electricity Price Hike Is Just The Start -- Crain's -- What Intermittent Energy Is Costing You -- May 24, 2017
link : Northern Illinois: Next Month's Electricity Price Hike Is Just The Start -- Crain's -- What Intermittent Energy Is Costing You -- May 24, 2017
Northern Illinois: Next Month's Electricity Price Hike Is Just The Start -- Crain's -- What Intermittent Energy Is Costing You -- May 24, 2017
This could be added to the earlier PJM post from today but for various reasons, I'm posting this as a stand-alone post. A huge "thank you" to a reader for spotting it and sending it to me.From Crain's:
The substantial hike in Northern Illinois' cost of electricity beginning next month is just the beginning of the increases for years to come.Actually it's not just "intermittent energy," but all nuclear energy.
With energy costs remaining at historically low levels, the price all consumers pay qualified power generators simply to promise to produce during the highest-demand days of the year keeps rising.
These "capacity" costs—essentially an additional reservation price embedded in the energy cost ComEd customers see in their electric bills—will approach the cost of the electrons themselves beginning in 2019 and now continuing through the first half of 2021.
The bottom line for customers of Commonwealth Edison is that the 8 percent increase they'll experience in their electricity rates over the next several months is just the first installment.
The reason: The capacity charge is set three years in advance. PJM Interconnection, the regional power-grid operator for Northern Illinois and all or parts of 12 other states to the east plus Washington, D.C., holds an auction each year at this time to establish the capacity price three years from now.
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