3 ms·
Well, sort of. You’re likely going to use 100% of possible production for wind and solar. That’s much lower than “capacity”, true. But you’re going to use it.
by jncfhnb 2y ago
Well, sort of. You’re likely going to use 100% of possible production for wind and solar. That’s much lower than “capacity”, true. But you’re going to use it.
Fossil fuel sources on the other hand are being rapidly downscaled. And if it’s not operationally profitable to run a gas plant at reduced capacity, the plant will have to shut down entirely. This is happening to peaker plants due to battery power coming online.
the economics of gas plants become much, much worse quickly. The cost of energy from a gas plant that’s run a small portion of its planned output is much higher due to the fixed costs.
This should push up the price of off-renewable time power, which will increase the business case for batteries. It’s a bit of a death loop.
Gas will be here for a long time yet but I predict mainstream forecasts are underestimating how quickly the tides will turn to the share of renewables