October Wholesale Electricity Prices at 7 Year Low
That's the same with his data. Any inference drawn from it at all (deflation?) is irrelevant at best! This "phd" [sic] guy is worthless. This blog is worthless. I can't remember why I bookmarked it? I'm going to stay on tho' [sic] to correct his future errors... and I ain't [sic] no phd [sic].
The average October 2008 wholesale electricity price at the Ercot hub of $34.34 per MWh is 36% below October 2007 and 68% below the October 2005 peak.
Bottom Line: Wholesale electricity prices for October 2008, both in nominal and real terms, are the lowest in 7 years, since October of 2001.