Wirt Atmar wrote:
> Unfortunately, the State has signed up for so much power in these long-term
> contracts that they now have a substantial excess every day and are being
> forced to sell that excess back onto the spot market for the going rate:
> $15/megawatt, losing $120 for every excess megawatt they sell back onto the
> grid.
Gotta love it!
The only caveat to this is that so far we've had a non-existent summer, with
temperatures running WAY below normal (by about 10 degrees F here in SoCal).
But traditionally the hottest weather of the year for SoCal comes in September,
so we still aren't out of the woods yet.
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