4 ms·
Renewables mean lots of BOTH for a simple reason: supply and demand. When the wind is blowing and the sun is shining, renewables can provide lots of power no m
by ocschwar 7y ago
Renewables mean lots of BOTH for a simple reason: supply and demand.
When the wind is blowing and the sun is shining, renewables can provide lots of power no matter what the live price is. (The cost of renewables is 100% installation, 0% operation. Any price above 0 is good as far as a wind turbine is concerned.)
When the wind is not blowing and the sun is not shining, no price signal is going to change that. What the price signal DOES do, however, is incentivize a response on the demand side.