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Blackout Risk And Electricity Prices Are Spiking In California

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Blackout Risk And Electricity Prices Are Spiking In California

Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins Sell Buy 73.99 +0.69 +0.94% Brent Crude • 10 mins Sell Buy 76.00 +0.44 +0.58% Natural Gas • 10 mins Sell Buy 3.505 +0.087 +2.55% Heating Oil • 10 mins Sell Buy 2.152 -0.010 -0.47% Gasoline • 10 mins 2.271 -0.010 -0.44% Louisiana Light • 1 day 74.06 +0.10 +0.14% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 1 day 74.06 +0.10 +0.14% Bonny Light • 1 day 74.74 -0.34 -0.45% Opec Basket • 1 day 74.09 +0.08 +0.11% Mars US • 14 hours 71.50 +0.37 +0.52% Gasoline • 10 mins 2.271 -0.010 -0.44% Click Here for 150+ Global Oil Prices

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Marine • 1 day 73.61 +0.28 +0.38% Murban • 1 day 74.65 +0.44 +0.59% Iran Heavy • 1 day 70.03 -0.38 -0.54% Basra Light • 1 day 75.53 +0.32 +0.43% Saharan Blend • 1 day 74.48 -0.40 -0.53% Bonny Light • 1 day 74.74 -0.34 -0.45% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Bonny Light • 1 day 74.74 -0.34 -0.45% Girassol • 1 day 74.79 -0.35 -0.47% Opec Basket • 1 day 74.09 +0.08 +0.11% Click Here for 150+ Global Oil Prices

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1D 1M 3M 1Y All Charts Products Discussion Headlines 35 mins $6 Billion Sale From Petroleum Reserve May Help Fund Infrastructure Plan 2 hours Gas Shortage Pushes Coal Prices To 10-Year High 19 hours Oil Prices Hit 3-Year High On Draining Inventories 20 hours India’s Richest Man Announces $10 Billion Bet On Renewables 21 hours UAE Could Become First OPEC Producer To Pledge Net-Zero By 2050 22 hours Why Used Car Prices Are Skyrocketing 23 hours Lego Finds Way To Make Bricks From Recycled Plastic Bottles 1 day Battery Industry Could Boost Australia’s Economy By $5.6 Billion 1 day New Mexico Oil Output Recovers To Pre-Pandemic Levels 2 days Canada’s Oil Sands Production Is Roaring Back 2 days Dallas Fed: Oil And Gas Sector Is On Fire 2 days BP Launches Oil Project In U.S. Gulf Of Mexico 2 days South Sudan Aims For Foreign Investment In First-Ever Oil Licensing Round 2 days Norway Expands Arctic Oil Exploration 2 days NYC Blocks Startup Revel’s Planned Tesla Taxis In Climate Snub 3 days Iran Seizes 7,000 Illegal Crypto Mining Computers Amid Power Shortages 3 days Oil Prices Get Another Boost From Falling Crude Inventories 3 days Is Renewable Power Really Cheaper Than Fossil Fuels? 3 days BP Claims High Oil Prices Will Benefit Its Strategy 3 days Engine No. 1 Reaches Beyond Exxon With New ETF 3 days Iran Kickstarts Production At Giant Offshore Oilfield 3 days $3 Billion Caribbean Refinery To Close Its Doors For Good 3 days Exxon Plans Additional Job Cuts 3 days Texas Power Companies Take Over Smart Thermostats To Save Electricity 4 days India’s Largest Utility Provider Sets Ambitious Renewable Energy Goal 4 days China Launches A Crude Oil Options Contract For Foreign Traders 4 days Top Offshore Wind Firm: Big Oil’s Foray Into Green Energy Could Hike Prices 4 days Venezuela Claims It Can Quadruple Its Oil Production By The End Of 2021 4 days Crude Oil Imports At China’s Private Refiners Set To Plunge This Autumn 4 days Iran Nuclear Plant Shuts Down 7 days Democrats Increasingly Oppose Idea Of U.S. Gas Tax Increase 7 days Venezuela’s Maduro Pleads For Deal With U.S. Administration 7 days Canada Oil Pipeline Companies Throw Money At Energy Transition 7 days China Looks To Crack Down On Speculation As Coal Prices Break Records 7 days U.S. Needs Nuclear Power To Hit Climate Targets: Granholm 7 days Commodities To See Worst Week Since Start Of Pandemic 8 days EU Likely To Make Green Bond Standard Voluntary 8 days U.S. Shale Set For Record $30 Billion Free Cash Flow In 2021 8 days Bottleneck At Crucial Chinese Port Could Cause Trouble For Oil Shipping 8 days Jeff Bezos-Backed Company To Build Fusion Plant In UK 3 minutes Electric cars may make driving too expensive for middle classes, warns Vauxhall chief 6 minutes Natural gas mobility for heavy duty trucks 12 minutes Colonial pipeline hack 1 hour U.S. Presidential Elections Status – Electoral Votes 2 hours Texas Power Outage Danger Until June 18th. Texans told to conserve energy! 1 min GREEN NEW DEAL = BLIZZARD OF LIES 2 days Will Liquid Metal Batteries Become the Standard for Large Batteries? 2 days Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry 4 days Federal Judge Says Biden Probably Wrong for Halting Drilling on Federal Land Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Breaking News: $6 Billion Sale From Petroleum Reserve May Help Fund Infrastructure Plan

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Share Facebook Twitter Linkedin Reddit Premium Content Blackout Risk And Electricity Prices Are Spiking In California By Charles Kennedy – Jun 25, 2021, 10:00 AM CDT Join Our Community Electricity prices for Californians are spiking, but so is the danger of blackouts—both planned and unplanned.

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Exceptional drought forecasts for this summer prompted PG&E to warn earlier this month that it might need to implement more rolling blackouts. The utility added, however, that they would likely last less than last year’s.

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Then, last week, the California Independent System Operator issued a so-called flex alert, which effectively means it asked people to use less electricity between 5 pm and 10 pm because of heightened energy consumption during that time of day

Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins Sell Buy 73.99 +0.69 +0.94% Brent Crude • 10 mins Sell Buy 76.00 +0.44 +0.58% Natural Gas • 10 mins Sell Buy 3.505 +0.087 +2.55% Heating Oil • 10 mins Sell Buy 2.152 -0.010 -0.47% Gasoline • 10 mins 2.271 -0.010 -0.44% Louisiana Light • 1 day 74.06 +0.10 +0.14% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 1 day 74.06 +0.10 +0.14% Bonny Light • 1 day 74.74 -0.34 -0.45% Opec Basket • 1 day 74.09 +0.08 +0.11% Mars US • 14 hours 71.50 +0.37 +0.52% Gasoline • 10 mins 2.271 -0.010 -0.44% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Marine • 1 day 73.61 +0.28 +0.38% Murban • 1 day 74.65 +0.44 +0.59% Iran Heavy • 1 day 70.03 -0.38 -0.54% Basra Light • 1 day 75.53 +0.32 +0.43% Saharan Blend • 1 day 74.48 -0.40 -0.53% Bonny Light • 1 day 74.74 -0.34 -0.45% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Bonny Light • 1 day 74.74 -0.34 -0.45% Girassol • 1 day 74.79 -0.35 -0.47% Opec Basket • 1 day 74.09 +0.08 +0.11% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Canadian Crude Index • 1 day 58.55 +0.24 +0.41% Western Canadian Select • 10 hours 58.85 +0.22 +0.38% Canadian Condensate • 10 hours 72.30 +0.22 +0.31% Premium Synthetic • 10 hours 73.70 +0.22 +0.30% Sweet Crude • 10 hours 68.75 +0.22 +0.32% Peace Sour • 10 hours 66.30 +0.22 +0.33% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Peace Sour • 10 hours 66.30 +0.22 +0.33% Light Sour Blend • 10 hours 68.65 +0.22 +0.32% Syncrude Sweet Premium • 10 hours 71.55 +0.22 +0.31% Central Alberta • 10 hours 66.20 +0.22 +0.33% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Louisiana Light • 1 day 74.06 +0.10 +0.14% Domestic Swt. @ Cushing • 1 day 69.75 +0.25 +0.36% Giddings • 1 day 63.50 +0.25 +0.40% ANS West Coast • 2 days 75.06 +0.42 +0.56% West Texas Sour • 1 day 67.25 +0.22 +0.33% Eagle Ford • 1 day 71.20 +0.22 +0.31% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Eagle Ford • 1 day 71.20 +0.22 +0.31% Oklahoma Sweet • 1 day 69.75 +0.25 +0.36% Kansas Common • 1 day 63.50 +0.25 +0.40% Buena Vista • 1 day 79.64 +1.62 +2.08% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

1D 1M 3M 1Y All Charts Products Discussion Headlines 35 mins $6 Billion Sale From Petroleum Reserve May Help Fund Infrastructure Plan 2 hours Gas Shortage Pushes Coal Prices To 10-Year High 19 hours Oil Prices Hit 3-Year High On Draining Inventories 20 hours India’s Richest Man Announces $10 Billion Bet On Renewables 21 hours UAE Could Become First OPEC Producer To Pledge Net-Zero By 2050 22 hours Why Used Car Prices Are Skyrocketing 23 hours Lego Finds Way To Make Bricks From Recycled Plastic Bottles 1 day Battery Industry Could Boost Australia’s Economy By $5.6 Billion 1 day New Mexico Oil Output Recovers To Pre-Pandemic Levels 2 days Canada’s Oil Sands Production Is Roaring Back 2 days Dallas Fed: Oil And Gas Sector Is On Fire 2 days BP Launches Oil Project In U.S. Gulf Of Mexico 2 days South Sudan Aims For Foreign Investment In First-Ever Oil Licensing Round 2 days Norway Expands Arctic Oil Exploration 2 days NYC Blocks Startup Revel’s Planned Tesla Taxis In Climate Snub 3 days Iran Seizes 7,000 Illegal Crypto Mining Computers Amid Power Shortages 3 days Oil Prices Get Another Boost From Falling Crude Inventories 3 days Is Renewable Power Really Cheaper Than Fossil Fuels? 3 days BP Claims High Oil Prices Will Benefit Its Strategy 3 days Engine No. 1 Reaches Beyond Exxon With New ETF 3 days Iran Kickstarts Production At Giant Offshore Oilfield 3 days $3 Billion Caribbean Refinery To Close Its Doors For Good 3 days Exxon Plans Additional Job Cuts 3 days Texas Power Companies Take Over Smart Thermostats To Save Electricity 4 days India’s Largest Utility Provider Sets Ambitious Renewable Energy Goal 4 days China Launches A Crude Oil Options Contract For Foreign Traders 4 days Top Offshore Wind Firm: Big Oil’s Foray Into Green Energy Could Hike Prices 4 days Venezuela Claims It Can Quadruple Its Oil Production By The End Of 2021 4 days Crude Oil Imports At China’s Private Refiners Set To Plunge This Autumn 4 days Iran Nuclear Plant Shuts Down 7 days Democrats Increasingly Oppose Idea Of U.S. Gas Tax Increase 7 days Venezuela’s Maduro Pleads For Deal With U.S. Administration 7 days Canada Oil Pipeline Companies Throw Money At Energy Transition 7 days China Looks To Crack Down On Speculation As Coal Prices Break Records 7 days U.S. Needs Nuclear Power To Hit Climate Targets: Granholm 7 days Commodities To See Worst Week Since Start Of Pandemic 8 days EU Likely To Make Green Bond Standard Voluntary 8 days U.S. Shale Set For Record $30 Billion Free Cash Flow In 2021 8 days Bottleneck At Crucial Chinese Port Could Cause Trouble For Oil Shipping 8 days Jeff Bezos-Backed Company To Build Fusion Plant In UK 3 minutes Electric cars may make driving too expensive for middle classes, warns Vauxhall chief 6 minutes Natural gas mobility for heavy duty trucks 12 minutes Colonial pipeline hack 1 hour U.S. Presidential Elections Status – Electoral Votes 2 hours Texas Power Outage Danger Until June 18th. Texans told to conserve energy! 1 min GREEN NEW DEAL = BLIZZARD OF LIES 2 days Will Liquid Metal Batteries Become the Standard for Large Batteries? 2 days Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry 4 days Federal Judge Says Biden Probably Wrong for Halting Drilling on Federal Land Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Breaking News: $6 Billion Sale From Petroleum Reserve May Help Fund Infrastructure Plan

Find us on:

The Energy Transition Will Provide A Wealth Of Opportunities In Europe The global energy transition could…

Reuters: U.S. Agrees To Lift Iran Oil Sanctions The United States has agreed…

New Chinese Tax Law Threatens Oil Refiners Across The Region China has recently announced a…

Home Energy Energy-General Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Share Facebook Twitter Linkedin Reddit Premium Content Blackout Risk And Electricity Prices Are Spiking In California By Charles Kennedy – Jun 25, 2021, 10:00 AM CDT Join Our Community Electricity prices for Californians are spiking, but so is the danger of blackouts—both planned and unplanned.

Operation Underground Railroad

Exceptional drought forecasts for this summer prompted PG&E to warn earlier this month that it might need to implement more rolling blackouts. The utility added, however, that they would likely last less than last year’s.

Operation Underground Railroad USA

Then, last week, the California Independent System Operator issued a so-called flex alert, which effectively means it asked people to use less electricity between 5 pm and 10 pm because of heightened energy consumption during that time of day.

Last year, RealClear Energy’s Robert Bryce wrote this week, electricity prices in California jumped by 7.5 percent. This was the highest price hike for electricity across the States and seven times the average for the country. This means that as of end-2020, Californians were paying 70 percent more for electricity than people living in other states. At the same time, the security of their energy supply is increasingly questionable.

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A more severe than usual drought in the state this year has depleted reservoirs and lakes, including the ones feeding some of the largest hydropower facilities. This means lower output from hydropower stations. This may well force the state with ambitious emission-reduction targets to rely more on its remaining natural gas-powered plants for baseload electricity supply. 

These problems, which are set to deepen with time, have their roots far in the past, according to a recent New York Times interview with Ed Hirs, an energy fellow at the University of Houston.

According to Hirs, decades ago, California swam in excess generation capacity that sat idle for most of the year because of the mild climate. To reduce this capacity overhang, the state began closing these power plants and replacing them with wind and solar farms—and with imports.

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To date, the expert noted, California imports some 35 percent of its electricity.

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“That’s a big problem, because now it’s not just California’s grid reliability you have to worry about, it’s your neighbors,” Hirs said. “That’s what happened last August: The heat wave got everybody.”

By Charles Kennedy for Oilprice.com

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