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This is where a market solution should be used. Set up the conditions for minimum delivery of carbon-free power for a given period and let private companies bet

by belorn 6y ago

This is where a market solution should be used. Set up the conditions for minimum delivery of carbon-free power for a given period and let private companies bet on it. If people can deliver a battery solution that exclusively use renewable to charge them, and do this cheaper than nuclear, then they win the bid. They don't get to use natural gas as a backup. They also need to be held liable to maintain the minimum capacity just as effective as more expensive solutions, but if they are willing and able to do that cheaper then they should win the bid and we should let them deliver carbon-free energy.

jnxx 6y ago
In the EU there is actually already a market of different contingents of electrical energy with different availability guarantees. Sources with high availability are more expensive and this helps to finance the required technology. And all this works rather in an evolutionary way. For example, we can, today, predict how much wind power will roughly be generated within the next days, and we can adjust reserve capacities with different costs to even that out. It is not only feasibly but also the economical thing to do.
- belorn 6y ago
  Yes, we do have that system and people do bid to deliver energy. We do however allow fossil fuels to be used when wind power is not producing, and such, the carbon-free reserve capacities are competing against fossil fuels on production cost without the external cost of climate change being added. The economical outcome of that is an constant increase in fossil fueled capacity in practically every country in EU, with new fossil fueled power plant being built today even when we know that the climate can't take it.
sofixa 6y ago
The costs and risks involved in large scale power generation facilities isn't really fit for private companies and market competition. And when you add a market element to it, companies might cut corners to increase profits ( or minimise losses), and you certainly don't want that.

by belorn 6y ago

jnxx 6y ago

In the EU there is actually already a market of different contingents of electrical energy with different availability guarantees. Sources with high availability are more expensive and this helps to finance the required technology. And all this works rather in an evolutionary way. For example, we can, today, predict how much wind power will roughly be generated within the next days, and we can adjust reserve capacities with different costs to even that out. It is not only feasibly but also the economical thing to do.

belorn 6y ago
Yes, we do have that system and people do bid to deliver energy. We do however allow fossil fuels to be used when wind power is not producing, and such, the carbon-free reserve capacities are competing against fossil fuels on production cost without the external cost of climate change being added. The economical outcome of that is an constant increase in fossil fueled capacity in practically every country in EU, with new fossil fueled power plant being built today even when we know that the climate can't take it.

sofixa 6y ago

The costs and risks involved in large scale power generation facilities isn't really fit for private companies and market competition. And when you add a market element to it, companies might cut corners to increase profits ( or minimise losses), and you certainly don't want that.