Dan McKay's Blog (1,012)

 We now have the man that set out to destroy Central Maine Power Company and wasn't going to let the ratepayer's agony of high electricity prices stop him, preparing to bleed even more money from the ratepayers as he demands total takeover of CMP AND Versant. 

The wholesale (supply) price of electricity has gone so high ( + 143% above last year), that wind projects are willing to give money back in long term power purchase contracts.    

Helix Wind sells half it's output to CMP customers at $36.50 per megawatt-hour while wholesale prices averaged $107.42 per megawatt hour.    

Remember Walmart destroys it's competition by  under selling them.

And Now This from the engineering group in charge of keeping the power flowing at a reasonable price, ISO-NE

"Offering efficient energy storage in modular packages, batteries can capture surplus electricity generated by wind, solar, and other resources. "

CMP bills to decrease almost 3% for home customers in July

 We noted that April 2022 wholesale electric supply prices were 2.285 times the 2021 prices (More than doubled)

  ISO-NE informs us that the average wholesale price of electricity in April 2022 was $59.39 per Megawatt hour, or a 128.5% increase over April of 2021. So, what was the wholesale price of electricity in April 2021?

Paper Reviewed

Fan, X., Cao, X., Zhou, H., Hao, L., Dong, W., He, C., Xu, M., Wu, H., Wang, L., Chang, Z. and Zheng, Y. 2020. Carbon dioxide fertilization effect on plant growth under soil water stress associates with changes in stomatal traits, leaf photosynthesis, and foliar nitrogen of bell pepper (Capsicum annuum L.). Environmental and Experimental Botany 179: 104203,…

Reuters reported:

The power grid in the Central United States could be forced to impose rotating blackouts on some of the hottest…

Statement From ISO-NE, June 1.2022

"Though ISO New England expects the region to have adequate supplies of electricity this summer, conditions could force system operators to take action to maintain system reliability. ISO New England operators have many tools at their disposal to maintain the overall reliability of the power system. These well-established procedures protect the region in the event of an unexpected power plant or…

    Liz Caruso, a Connecticut import and candidate for congress in the second district, is yet another politician aiming to secure a cushy alternative energy position after successfully hoodwinking Maine citizens into rejecting a tremendous opportunity to boost electricity supply and lower electricity costs with a very insignificant downside.

     For certain, she was able to rile up a stink against CMP, enough so…

What gives? 

  The path to comfort slipped right through our hands. Electricity is great when it is just a flip of the switch away, but life can be excruciating when electricity is interrupted, especially when interruptions coincide with unbelievable high prices. 

A 2019 study by the Maine Office of the Public Advocate found that low-income households spent on average, 19 percent of their income on energy costs. With those costs now nearly double the 2019 amount, that 19 percent could be closer to 40 percent now, said state Rep. Seth Berry, D-Bowdoinham.

“That doesn’t leave you much to feed your kids,” Berry said.

In places like New England, where land value makes it expensive to build new facilities, REC sales provide an essential revenue stream for renewable energy developers. Each REC has a price. The price is the additional amount needed per MWh by the renewable energy generator to make post-1997 projects financially feasible. By mandating this type of renewable energy, the law is ensuring increased renewable energy supply in a space where supply would not get built without a…