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Comment on Chicago Area Electricity Prices Go Negative (Jan 25th, 26th, ComEd)

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Not terribly surprising.

The base load is heavily nuclear and doesn’t adjust very quickly; there is a lot of installed wind and solar capacity. The past few days have been bitterly cold but also windy and sunny.

Today the wind was a pretty solid 15-20 mph with gusts into the 30s. The high temperature today was 9F (-12C). With no clouds whatsoever. Solar panels go crazy when it is cold and bright.

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