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Presentation to Association of Bay Area Governments by Bob Grow, September 14, 2000

Wholesale Market Prices for Electricity in California: Where They Have Been and Where They May Be Going. Presentation to Association of Bay Area Governments by Bob Grow, September 14, 2000 Electricity Analysis Office, California Energy Commission.

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Presentation to Association of Bay Area Governments by Bob Grow, September 14, 2000

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  1. Wholesale Market Prices for Electricity in California: Where They Have Been and Where They May Be Going Presentation to Association of Bay Area Governments by Bob Grow, September 14, 2000 Electricity Analysis Office, California Energy Commission

  2. This graph is only an illustration; it does not represent real bids.

  3. MCP This graph is only an illustration; it does not represent real bids.

  4. Average price for all months prior to September 99 was $26.20/MWh

  5. Cost Estimates for Proposed New Gas-Fired Combined Cycle Power Plants in California Source: California Energy Commission Siting Division

  6. WSCC New Resource Additions

  7. Monthly Average PX Market Clearing Prices

  8. Forecast • NP 15 prices average around $100/MWh in this fall and early winter • Late winter prices around $80/MWh • Spring prices depend on hydro • Summer 2001 prices lower than summer 2000 • Prices equal revenue requirements by middle of 2003 • Prices too low for revenue requirements by 2005 Forecast only represents the author’s guesses, and not any findings by CEC.

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