Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Thanks for the information-rich post. Just a few things:

  • yes, hydro-pumps are the ideal companion to wind power. You just need the right location which can provide for both. If you do have it, like in your case, it should be a no-brainer

  • just so you know, GE has basically given up on the 3.6 MW model. They've had too many problems with it and have stopped promoting it to clients, and are starting from scratch on a new (larger) model

  • the reason peak prices are so "obscenely high" is that the power plant needs to make its revenue over a short period of time. Absolute amounts paid are not that big, because volumes are pretty small. Of course, 3000 $/MWh prices instead of the usual 30-50$/MWh may sound insane, but that's what it takes to clear the market, and it works. No, the real money is made when the marginal baseload plant is an expensive one and everybody starts making out like thieves for normal, regular production over long periods - and that's what's happening when all margina lproducers are gas-fired and gas gets scarce...

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Mar 8th, 2006 at 06:41:42 PM EST

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