GLG News Analyses of the following article:
The Clean Energy Bubble Will Most Certainlky Burst
Published at: www.woodmacresearch.com
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Wind Energy--Too Much of a Good Thing
May 28, 2009
A surfeit of wind energy is pushing down the price of all electricity. The real time price of electricity in West Texas, where almost all generation is wind, was negative for 23% of April 2009. The negative prices spilled over to the rest of Texas for about 1% of the month. This may be the future of the electric industry, with negative prices for a substantial amount of time each month.
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