Fortnightly Magazine - June 1 2000
Wait for the "second wave," when new products help suppliers escape the trench warfare of pricing.
EEI's contract is ready to go for physical trades of electricity, but the architects say it's likely too late to make a difference this summer.
The Wall Street Journal is goading Congress to act. And it might just work, if the warnings come to pass.
On May 8 ISO New England predicted it would have enough electricity to meet peak demand this summer. But how much demand are you gonna see at $6,000 per megawatt-hour, which was the ISO's prevailing price that day from 2 p.m. to 6 p.m?
The fuel cell article in the March 15 Fortnightly twice mentions a target of $50 per kilowatt for fuel cells. (See "Fuel Cells: White Knight for Natural Gas?" p. 22.)
I hadn't heard that target before. At that price, something like the General Electric/Plug Power residential unit of 7 kilowatts would cost $350 (instead of something like $3,500, which has been talked about). Anything close to $50 per kilowatt would be truly incredible.