rdw4potus
rdw4potus
Joined: Mar 11, 2010
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February 14th, 2021 at 3:09:51 PM permalink
The vast majority of tariff rates are fixed, especially for residential and small commercial customers. They'll adjust over time to account for the utility's cost overruns this week (if those overruns exceed last month's underruns - January was warm and cheap).

Going from $50 to $100/mwh for 3 days is a non-event. That's less than 1% on an annualized basis.

Are you saying that the tva's rates have doubled? Interesting!
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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February 14th, 2021 at 3:12:33 PM permalink
Energy Trader: We've Officially Hit The "Holy **** Levels" | ZeroHedge
https://www.zerohedge.com/energy/energy-emergency-texas-power-provider-warns-rotating-outages-cold-weather-tests-limits-grid
rdw4potus
rdw4potus
Joined: Mar 11, 2010
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February 14th, 2021 at 4:00:49 PM permalink
Quote: ChumpChange

Energy Trader: We've Officially Hit The "Holy **** Levels" | ZeroHedge
https://www.zerohedge.com/energy/energy-emergency-texas-power-provider-warns-rotating-outages-cold-weather-tests-limits-grid



Omg, lmao @ "lubelessly pounded". One thing that breaks in TX - people with on-site backup generators have gas fired units. Power costs $3k/mwh & gas is $377/dth + 200% penalty. And/but, there will be brown outs & the ICE has no gas offered for most TX trading points. So the cost either way is astronomical & there's nobody available to sell at those (or any) price. I've told a university customer to cancel everything through Tuesday, shutter the campus, set everything back, and sell their fixed price supply into this gas market. They'll make 100k by keeping the kids out of the academic side of campus for 3 days.

It's hard to really appreciate this issue. It's 45 degrees colder here than it is in TX - it's barely freezing in TX - and they're the ones with a problem.

One thing I don't get - the article suggests setting thermostats back to 68. That's warmer than where mine is ever set in the winter. Do Texans really heat to more than 68?
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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February 14th, 2021 at 4:08:22 PM permalink
I set my thermostat to 73, but when it gets less than 10 degrees outside, the room is gonna dip into the 60's.
rdw4potus
rdw4potus
Joined: Mar 11, 2010
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February 14th, 2021 at 4:12:53 PM permalink
Really? It's 10 below here. Mine is set to 65 and it's 66 in here right now. Do you have a similar issue in the summer? Can it not get the temp down to the summer setpoint?
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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February 14th, 2021 at 4:16:17 PM permalink
As much as I hate the desert. Here in Vegas I don't think I've been without power for more than a few hours, there's been some flooding in various areas here, but it's never affected me, there's been a few small earthquakes here and there but I barely noticed, and the same goes for the few riots we've had. I don't ever remember a time where it's been unbearably cold. Yeah, it gets hot here but that's what air conditioning and the indoors is for. Compared to some places, it's fairly cheap to live here. My electric bill in December was $99 and we don't conserve 2 TV's never get shut off 3 or 4 computers going with monitors, 2 refrigerators and 2 full time water pumps pumping
a few thousand of gallons per hour( I think it's thousands) and 2 pond heaters. I think my winter average is about $160.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
DRich
DRich
Joined: Jul 6, 2012
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February 14th, 2021 at 4:17:50 PM permalink
Quote: rdw4potus



One thing I don't get - the article suggests setting thermostats back to 68. That's warmer than where mine is ever set in the winter. Do Texans really heat to more than 68?



Mine is never below 72 unless we are in bed. I would prefer 76 but my wife runs the house.

In the summer I prefer it around 80 but the wife wants 75. We compromise at 78. At 78 my electric bill is about $600 a month in the summer.
Living longer does not always infer +EV
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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February 14th, 2021 at 4:29:00 PM permalink
Quote: rdw4potus

Really? It's 10 below here. Mine is set to 65 and it's 66 in here right now. Do you have a similar issue in the summer? Can it not get the temp down to the summer setpoint?



I've got hot water pipe heat that runs around 180F when it's 45 degrees out, and barely makes 160F when it's 0 degrees out. My apartment has 2 wall air conditioners that I turn on if it's 80 degrees inside, then it cools the room down to 73F-76F. With global warming this century, we get a few 99 degree days each year where none of that existed decades ago. We'd get 92 degrees for highs back in the day.

The heat gets turned off around June 1st, but we've had near freezing nights in early June too. I have a couple electric fan heaters and an oil filled electric radiator for supplemental heat.
Last edited by: ChumpChange on Feb 14, 2021
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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February 14th, 2021 at 4:56:12 PM permalink
Texas winter storm: Federal emergency declaration approved | khou.com
https://www.khou.com/article/news/local/texas/federal-emergency-declaration-for-severe-winter-weather-in-texas/285-f242c695-79f9-4f34-a2b2-4af680b0a4e0

"Specifically, FEMA is authorized to identify, mobilize, and provide at its discretion, equipment and resources necessary to alleviate the impacts of the emergency. Emergency protective measures for mass care and sheltering and direct federal assistance will be provided at 75 percent federal funding.
gordonm888
gordonm888 
Joined: Feb 18, 2015
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Thanks for this post from:
odiousgambit
February 14th, 2021 at 10:45:29 PM permalink
Virtually all air conditioning is powered by electricity, but a lot of building heat (residential and commercial) is powered by natural gas, with some propane and oil. Only heat provided by heat pumps depends upon electricity. Some residences also use wood-burning stoves to produce heat (usually supplemental.) Some large industrial sites burn coal for heat.

That's why electricity consumption is highest during the summer and not during the winter. Very cold temperatures are a strain on natural gas supply, and not so much on electricity.

Whatever problems the arctic temperatures may cause, I see no reason to presume that the national casino industry will be much affected. And the notion that electricity prices will spike by factors of >2-10x is not credible -the marketplace just doesn't work like that.
So many better men, a few of them friends, are dead. And a thousand thousand slimy things live on, and so do I.

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