3 ms·
It is probably nitpicking on the "market" word, but... About 1-2 weeks before the storm I ordered 10kW gas generator https://www.amazon.com/dp/B07Q1DLKBG https
by hippich 5y ago
It is probably nitpicking on the "market" word, but...
About 1-2 weeks before the storm I ordered 10kW gas generator https://www.amazon.com/dp/B07Q1DLKBG https://www.amazon.com/dp/B07Q1DLKBG for about $1350 (it is cheaper now because there is no storm coming :))
It uses about 0.9 gal/hour to produce 9.5kW (let's round to 10kW). This is real output as I powered the whole house with it, including 7.5kW electric HVAC heating element that are switched on when temperature falls below heat pumps' ability to pump heat from the outside (we do not have propane/natural gas.)
0.9 gal was probably like $2.5, meaning 1kW cost me just 25c vs regular price of about 11 cents when getting electricity from the grid.
Considering that people were paying $9/kW prices to the Griddy (https://www.vox.com/2021/2/20/22292926/texas-high-electric-bills-winter-storm-griddy https://www.vox.com/2021/2/20/22292926/texas-high-electric-b...) and the like, that $1,350 suddenly became a very attractive option. Except yes, you have to overbuild and not put efficiency at the top.
Furthermore, if electricity "market" was indeed a market, I would imagine there would be plenty of people ready to plug their generators to feed the grid. (i know it is not as straightforward of just plugging it into the grid and starting, but between $.25/kW and $9/kW I am sure solution could be found.)
Also, that "market" was forced to cap prices at $9/kW. The real market price was probably much-much higher.