Spreading Value, Part 2: How Market Fundamentals Change the Calculation

摘要

This column previously summarized industry terms that could be used to describe electricity industry economics under then-anticipated environmental policy (Electric Light & Power Volume 87, Issue 4). Spark spreads made way for clean spark spreads, and dark spreads became dark green spreads in a carbon-constrained world. Changing market fundamentals have created the need for new definitions.