3 ms·
That is an obviously mis-designed "market" as it only prices in marginal costs. This worked when most if not all producers actually were reliable. It doesn't
by mpweiher 4mo ago
That is an obviously mis-designed "market" as it only prices in marginal costs. This worked when most if not all producers actually were reliable. It doesn't work when you have a high share of intermittents.
For mis-designed electricity markets, see also:
https://en.wikipedia.org/wiki/2000–2001_California_electricity_crisis https://en.wikipedia.org/wiki/2000–2001_California_electrici...
It can be fixed easily by giving priority to reliable producers and only allowing intermittent producers in once the reliable producers are used up.
> The whole baseload argument when talking about renewables is a strawman
No. It is actually essential, because intermittent renewables cannot reliably supply electricity, yet we need reliable electricity supply.
Intermittents are not baseload technology, because they cannot reliably supply electricity when needed.