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Wind is the fastest growing source for electricity in the United States. During 2001, U.S. wind power plant … installations are expected to increase by 1,850 megawatts (MW), resulting in a total installed capacity of about 4,400 MW. The … market expansion is supported by a variety of Federal and state incentives in the form of production tax credits, renewable …
. This growth is typically attributed to technology improvements and resulting cost reductions, the availability of federal … to mid-1990s, but relegated to lesser importance as many states took steps to restructure their electricity markets in … United States, however, the most recent resource plans call for a significant amount of new wind power capacity. These …
substantial volatility in wholesale market prices, significant financial distress among major industry organizations, and …Electricity markets in the United States have witnessed unprecedented instability over the last few years, with … electricity industry. Recent industry instability also illustrates the need for thoughtful resource planning to balance the cost …
Peak power demand issues have come to the fore recently because of the California electricity crisis. Uncertainties … times associated with building new capacity, the lack of price response in the face of time-varying costs, the large … difference between peak demand and average demand, and the necessity for real-time delivery of electricity all make the …
electricity in support of the basic services of generating capacity, energy supply, and power delivery. The Federal Energy … pieces of equipment that produce the basic electricity commodity. Thus, the production of energy and ancillary services is … commerce. To date, the electricity industry (including traditional vertically integrated utilities, distribution utilities …
integration, even as the retailers themselves are forced to purchase electricity at volatile wholesale prices set in open markets …Regardless of the form of restructuring, deregulated electricity industries share one common feature: the absence of … any significant, rapid demand-side response to the wholesale (or, spotmarket) price. For a variety of reasons, electricity …
retailers themselves are oftenforced to purchase electricity at volatile wholesale prices set in openmarkets. This results in … many other problemsassociated with electricity markets, such as exercise of market power andprice volatility. Indeed … anysignificant, rapid demand-side response to the wholesale (or, spotmarket) price. For a variety of reasons, most electricity …
/or efficiency criteria. In Washington State, neither standard power purchase prices based upon a proxy ''avoided plant'', standard … qualifying facilities and purchase electricity at a rate based upon their full avoided costs (i.e., costs of providing both … capacity and energy). Qualifying facilities (QF) include solar or geothermal electric units, hydropower, municipal solid waste …
Because of the recent experiences of several states undergoing restructuring (e.g., higher prices, greater volatility … can all play a role in the success or failure of the market. These factors along with the mix of generation capacity … supplying the state will influence the relative prices paid by consumers. The purpose of this project is to provide a model and …
petroleum, natural gas, and electricity, projected trends in the real prices for these fuels were examined. The spread in the … the next few decades, while electricity prices are projected to be more stable. Electricity prices will, however, remain … current and in projected future prices for these fuels, which often serve identical end uses, underscores the influence of …