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Say goodbye to cheap electricity
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 14716169:MV8yMDQyNTA4XzM0MzI5NzA2X0Q4Q0NFQTRG] [quote:Anonymous Coward 7061022:MV8yMDQyNTA4XzM0MzI0Mjc3XzE0MkI1NjI4] We need to get off the oil/gas/coal tit and move to alternative energy. We need to invest and give incentives for new technologies which will also create a new economy. But that won't happen, cuz the oil and gas lobby is too strong. [/quote] Have you been asleep. [/quote]
Original Message
With Coal on it's way out they will soon wish for the days where electricity was made for a mere $16 a megawatt.
It will now go to $167 per megawatt in PA. They will see the adjustment on their electric bills in a year or so and cry.
0hio will enjoy an adjustment to $357 per megawatt.
I guess that is what they wanted. They swung towards Obama. There are a lot of Coal miners and Coal mines shutting down ........
Say goodbye to cheap power. Those fools in those states are going to get a rude awakening.
The market-clearing price for new 2015 capacity – almost all natural gas – was
$136 per megawatt
. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is
$167 per megawatt
. For the northern Ohio territory served by FirstEnergy, the price is a shocking
$357 per megawatt
.
Read more: [
link to www.foxnews.com
]
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