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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: marginmike who wrote (56881)	1/11/2001 11:34:58 AM
From: yard_man	Read Replies (2) of 436258

Siemens, GE -- there has been huge demand. prices promptly went up by about 33% for combustion turbines when we witnessed the first appearance of the huge volatility in electrical energy prices 3 years ago -- there has been a backlog ever since -- many of the large energy players locked up large numbers of these machine which they have been marketing agressively -- there are some signs of easing now (a year ago we had slated two machines for 2003, but went ahead and bought a third because of a discount offered -- wouldn't have happened 6 months earlier). The CT market has been in a bubble because of the new volatility and linear projections of demand growth that are (in my opinion) ridiculous ... In 2 years, there will be oversupply for peak periods (gas combustion turbine generation capacity) and the volatility (in electrical energy prices) for much of the country will be gone ... I wish I knew where average prices were headed ...

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