{"id":2533,"date":"2007-07-23T10:57:23","date_gmt":"2007-07-23T18:57:23","guid":{"rendered":"https:\/\/www.bridgeandtunnelclub.com\/wordpress\/archives\/2007\/07\/in_the_blackout.html"},"modified":"2007-07-23T10:57:23","modified_gmt":"2007-07-23T18:57:23","slug":"in_the_blackout","status":"publish","type":"post","link":"https:\/\/www.bridgeandtunnelclub.com\/blog\/archives\/2007\/07\/in_the_blackout.html","title":{"rendered":"In The Black(Out)"},"content":{"rendered":"

The bastards Enron-ed us last month<\/a>:<\/p>\n

Somebody made a quick buck off 500,000 New Yorkers’ misery during last month’s 48-minute blackout in The Bronx and Upper East Side.<\/p>\n

In the minutes after lightning zapped Con Ed equipment in Queens at 3:42 p.m. on June 27, the real-time wholesale price for a megawatt hour of electricity in New York City spiked more than 900 percent, from $184.44 to $1,710.19.<\/p>\n

That price was in effect for just five minutes, starting at 3:55 p.m. By 4 p.m., the price dropped by half, to $864.64. At 4:05 p.m., the price dropped again to $364.35, before hitting $272.02, more in line with real-time prices, five minutes later.<\/p>\n

The windfall from the five-minute price spike probably ended up in the hands of power generators.<\/p>\n

But the buyer, the New York Independent System Operator — which runs the state’s electricity-transmission system and sells power to utilities like Con Ed — won’t say how much power it bought at that price, or from whom it bought the power.<\/p>\n

“It’s market-sensitive information,” said Garry Brown, an ISO spokesman. “We don’t want everybody else knowing who got paid what.”<\/p>\n

. . .<\/p>\n

KeySpan, which generates a quarter of the city’s electricity, reported June 6 that the Justice Department had requested documents and information relating to an “investigation of competitive issues in the New York City electric-energy capacity market.”<\/p>\n

The five-minute price spike will be passed on to consumers, but Brown said it will be unnoticeable.<\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The bastards Enron-ed us last month: Somebody made a quick buck off 500,000 New Yorkers’ misery during last month’s 48-minute blackout in The Bronx and Upper East Side. In the minutes after lightning zapped Con Ed equipment in Queens at 3:42 p.m. on June 27, the real-time wholesale price for a megawatt hour of electricity […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-2533","post","type-post","status-publish","format-standard","hentry","category-follow_the_money"],"_links":{"self":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/2533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/comments?post=2533"}],"version-history":[{"count":0,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/2533\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/media?parent=2533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/categories?post=2533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/tags?post=2533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}