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Out of market deals with the government where wind and solar and even hydro generators get prices way above market rates are what is driving the adoption of ren
by snowwindwaves 9y ago
Out of market deals with the government where wind and solar and even hydro generators get prices way above market rates are what is driving the adoption of renewables in Canada.
For the market to create the incentive for renewables the price of power would have had to go up a lot, or the externalities like pollution applied to gas/coal so that the price would go up, but still generation takes so long to plan approve and build and then so long to pay back that markets with varying prices are a bad mechanism. The price would have to be too high for too long than is politically palatable to encourage construction of new generation, and even then why not just build a gas plant.