One thing California, Texas have in common is negative power
Naureen Malik and harry weber | bloomberg | 5 april 2016
To read the full article in Bloomberg, click here.
PA's Matt Mooren, an energy and utility expert, is quoted in an article in Bloomberg. The article offers insight on the growing frequency of wholesale price plunges and the impact of renewable power on U.S. energy markets.
Matt Mooren commented: "Texas is at the point of wind generation where they are maxing out capacity on the CREZ lines."
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Matt concluded by stating: “Negative pricing in the last six to nine months in the western zone is much more prevalent than it was in the prior six to nine months, and it’s because of wind penetration and wind quality levels.”