Quote:
Originally Posted by DoubleK
^^^ Genesee 2 was offline for 400MW. That's relatively insignificant now as there are only about 1200MW of coal capacity.
The intertie was out of service for planned maintenance. It was restored earlier this evening and only had about 200 MW on it early on which tells me things weren't quite that bad, meaning they weren't really that close to running out of power.
There would have been about 150MW of load shed ready to go. That's the last step before they start dumping load in the major cities.
No question that supply was tight the past few days, but the impending apocalypse wasn't that close.
As for your comments on oilsands cogen, I don't believe that is correct anymore since the dissolution of the Balancing Pool has fundamentally changed how blocks of gen are offered.
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Re: coal I meant on a longer time-scale than this month. Prices would absolutely be lower if we had all the coal plants still on line. I have no specific comment on this months prices other than I'm glad I locked in.
I dont believe much if any oilsands cogen was under PPAs, so the dissolution of the balancing pool shouldn't make any difference there. They were bidding into the energy market before and they're bidding now, and they bid lower than straight gas gen because they need to keep running to keep the steam going for industrial use.