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California has a lot of renewables, but retail prices have increased rapidly.

by bagels 3y ago

toomuchtodo 3y ago
Unconstrained distribution costs because of lack of political will to aggressively regulate (PG&E, etc). Mostly a California problem, as long as PG&E is permitted to extract executive comp and profits while minimizing infrastructure investment. Supply costs are plunging during the day due to utility scale solar output. The reason PG&E rates are skyrocketing in California - https://news.ycombinator.com/item?id=40128003 https://news.ycombinator.com/item?id=40128003 - April 2024 (26 comments) After 111 years, SF finally moving to oust PG&E and create a public-power system - https://news.ycombinator.com/item?id=39587901 https://news.ycombinator.com/item?id=39587901 - March 2024 (13 comments) https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/041724-caiso-sets-back-to-back-solar-peak-records-in-april-power-spot-prices-plunge https://www.spglobal.com/commodityinsights/en/market-insight... | https://archive.today/PeDeH https://archive.today/PeDeH ("April 2024: CAISO sets back-to-back solar peak records in April; power spot prices plunge") > Spot power prices have been trending lower year on year on lower natural gas spot prices and more renewable generation supply, including hydropower following years of drought. > CAISO has 19.011 GW of installed solar generation capacity, which accounts for the majority of renewable resources on the grid at 62%, according to the Key Statistics report. Solar capacity has increased nearly 15% compared to a year ago and 26% from two years ago. > There are currently 28.6 GW of solar projects in the CAISO generation queue, including 13.8 GW that have executed interconnection agreements and nearly 4.5 GW of those have on-line dates expected listed for 2024. Only two solar projects slated to come online in 2024 do not have batteries connected. https://app.electricitymaps.com/zone/US-CAL-CISO https://app.electricitymaps.com/zone/US-CAL-CISO ("ElectricityMaps.com: California CAISO Zone")
- deleted 3y ago
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storyinmemo 3y ago
California has a PG&E regulatory capture problem.
jdofaz 3y ago
Electricity is very cheap next door in Arizona

California has a lot of renewables, but retail prices have increased rapidly.

by bagels 3y ago

California has a lot of renewables, but retail prices have increased rapidly.

Unconstrained distribution costs because of lack of political will to aggressively regulate (PG&E, etc). Mostly a California problem, as long as PG&E is permitted to extract executive comp and profits while minimizing infrastructure investment. Supply costs are plunging during the day due to utility scale solar output. The reason PG&E rates are skyrocketing in California - https://news.ycombinator.com/item?id=40128003 https://news.ycombinator.com/item?id=40128003 - April 2024 (26 comments) After 111 years, SF finally moving to oust PG&E and create a public-power system - https://news.ycombinator.com/item?id=39587901 https://news.ycombinator.com/item?id=39587901 - March 2024 (13 comments) https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/041724-caiso-sets-back-to-back-solar-peak-records-in-april-power-spot-prices-plunge https://www.spglobal.com/commodityinsights/en/market-insight... | https://archive.today/PeDeH https://archive.today/PeDeH ("April 2024: CAISO sets back-to-back solar peak records in April; power spot prices plunge") > Spot power prices have been trending lower year on year on lower natural gas spot prices and more renewable generation supply, including hydropower following years of drought. > CAISO has 19.011 GW of installed solar generation capacity, which accounts for the majority of renewable resources on the grid at 62%, according to the Key Statistics report. Solar capacity has increased nearly 15% compared to a year ago and 26% from two years ago. > There are currently 28.6 GW of solar projects in the CAISO generation queue, including 13.8 GW that have executed interconnection agreements and nearly 4.5 GW of those have on-line dates expected listed for 2024. Only two solar projects slated to come online in 2024 do not have batteries connected. https://app.electricitymaps.com/zone/US-CAL-CISO https://app.electricitymaps.com/zone/US-CAL-CISO ("ElectricityMaps.com: California CAISO Zone")

deleted 3y ago
[deleted]

storyinmemo 3y ago

California has a PG&E regulatory capture problem.

jdofaz 3y ago

Electricity is very cheap next door in Arizona