Genesee#2 was offline from 13:56 to 22:29 yesterday. March prices came tumbling down as sellers length flooded the market. Insiders suggested that “stop losses” may have been hit causing a further sell off.
This month marks ten years of de-regulation in the Texas electricity market. One complaint has been that Texas has numerous retail electrical providers who really add no value to this system. By law they can’t own wires. They don’t own the distribution system, they don’t own the meter. By law they can’t own any distribution sources. So they are truly an unnecessary intermediary. Defenders of deregulation argue that Texas has seen unprecedented growth in the past ten years. Despite that, Texas has one of the lowest electric reserve margins in the country. That means they are at a greater risk of rolling blackouts during times of high energy use. If you compare this industry restructuring with what happened in telecommunications, it was in the early 80s that they started that process it wasn’t until the mid to late 90s that the Internet really took off and it was only recently that the internet has gone mobile.
Toronto Hydro-Electric System Limited reports that at approximately 5 p.m. yesterday, power was restored to 28 St. Albans Road, 15 and 25 Viking Lane, and 5229 and 5233 Dundas Avenue West. As a result of failed equipment, the power was interrupted at 5:07am. Power was rerouted for some customers but for crews to do repairs, power to these buildings could not be restored until the repairs were complete.
Toronto Hydro-Electric System Limited was awarded the “Smart Metering Project of the Year” yesterday by the editors at POWERGRID International magazine and PennWell Corp. at DistribuTECH 2012 in San Antonio. Toronto Hydro first piloted an Elster Smart Metering solution in 2004 to comply with the Ontario government’s Smart Metering initiative. Since that first deployment, the project has grown and the company is utilizing Elster’s EnergyAxis Smart Grid systems to read approximately 650,000 electricity endpoints.