From an environmentalist perspective, this is fantastic, as virtually all of this renewable generation represents offset coal and gas peaker plant generation.
Aren’t prices swinging rapidly between negatives and high peaks a sign of volatility, where specifically fossil gas peaker plants flourish? (Since we have a notable absence of proper grid-level storage)
Yes, but if baseline generation goes up there are fewer peak demand events that exceed available baseline capacity so fewer revenue generating opportunities for peaker plants. But I agree the real answer is less overbuild and more storage- unfortunate given today’s Tesla news.
Aren’t prices swinging rapidly between negatives and high peaks a sign of volatility, where specifically fossil gas peaker plants flourish? (Since we have a notable absence of proper grid-level storage)
For now, BESS is a hugely growing industry and many countries’ planning authorities are speed lining them.
Yes, but if baseline generation goes up there are fewer peak demand events that exceed available baseline capacity so fewer revenue generating opportunities for peaker plants. But I agree the real answer is less overbuild and more storage- unfortunate given today’s Tesla news.