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Wednesday, 13 September 2017

OPEC Plays to the Base - Bloomberg Gadfly

OPEC Plays to the Base - Bloomberg Gadfly:

"“Baseload” is a loaded term these days.Prior to this, it was merely meaningless outside of utility circles. Baseload refers to a minimum level of demand for electricity and the types of power plants that tend to stay switched on most of the time to supply it. These have historically been nuclear or coal-fired plants, because their running costs were low.In recent years, though, they’ve been supplanted in many cases by natural-gas plants and renewables, which also tend to reduce power prices overall. The Department of Energy lately is very into pushing market changes that support those old “baseload” plants – which just happen to either burn coal or employ lots of people."

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