Friday, February 8, 2013

Good Fact: 2013 Electricity Prices Down 8% In NJ Power Auction

New Jersey ranks second in the nation in solar installations, and its electricity generation prices are 8% lower in 2013 than in 2010, according to Andy Makykuth writing for the Philadelphia Inquirer.

The falling power prices in New Jersey reflect lower natural gas prices than in 2010 for sure.  But neither the recent increased retirements of old plants--coal, oil and natural gas--nor the rising amounts of renewable generation within the regional PJM grid, of which New Jersey is part, has led to higher retail generation costs for consumers.  Indeed, substantial amounts of new solar push down regional wholesale prices by adding more supply and more peak period supply too.

No comments:

Post a Comment