Brian Chase

Seasonal wholesale electricity hourly average rates: yearly average (blue), peak summer time average (red), off-peak months average (green). Let’s think for a moment about electrical energy as a commodity. Generally, commodities that are easily stored have a fairly stable price, while items like fresh fruit have wide price swings with seasonal changes in supply and demand. Electrical energy is very hard to store, and the demand for energy varies over both the seasons and the time of day, as shown…