electricity prices

Figure 2. In 2023, average wholesale electricity prices (2023$/MWh) varied strongly by region. Shown are annual average real time electricity market prices based on data from all locational marginal p ce (LMP) nodes in 2023. Energy Markets & Policy Berkeley laboratory

Exploring Wholesale Energy Price Trends: The Renewables & Wholesale Electricity Prices (ReWEP) Tool, Version 2024.1

The Renewables and Wholesale Electricity Prices (ReWEP) visualization tool from Berkeley Lab has been updated with nodal electricity pricing and wind and solar generation data through the end of 2023: https://emp.lbl.gov/renewables-and-wholesale-electricity-prices-rewep. ReWEP users can explore trends in wholesale electricity prices and their relationship to wind and solar generation. ReWEP includes … [continued]

Monthly average wholesale electricity prices at selected trading hubs Data source: S&P Global Market intelligence

Wholesale U.S. Electricity Prices Were Volatile in 2022

Average wholesale electricity prices at major trading hubs in the United States rose throughout much of 2022 and were, at times, volatile as a result of extreme weather events. The limited availability of coal to substitute for higher-priced natural gas also contributed to higher electricity prices. Prices at all electricity … [continued]

It Costs Less To Fuel An Electric Car, And Why

There are 8 major items in the Edmunds True Cost to Own figures: Depreciation, Taxes & Fees, Financing, Fuel, Insurance, Maintenance, Repairs, and a possible Tax Credit. For this article, I’m only going to focus on how fuel costs compare between gas cars and electric vehicles (EVs). The other categories should not have much variation. I’ve owned electric cars for the last 7 years, and although they have fewer repairs than my gas cars, the few repairs that have been required have been more expensive.