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This utterly misses the point. Renewables are not so cheap that they are profitable at negative prices by themselves. Pricing is this way because renewables are
by snapplebobapple 3y ago
This utterly misses the point. Renewables are not so cheap that they are profitable at negative prices by themselves. Pricing is this way because renewables are largely not demand resources and run when wind, sun, etc is there, not when they are needed. In some situations they are still profitable at negative prices because subsidy is worth more than zero making breakeven pricing some negative number. Pricing is negative because the grid is in crisis from overproductiin and needs prices that low to get the renewables to shut off, its not a sign of a healthy, sustainable grid, its a sign of a grid in crisis trying to avert a collapse.