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by jacquesm
982 days ago
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Sun and wind aren't 'free' but they have the lowest operating costs compared to alternatives and they have the lowest capital cost per W of installed power. But you probably should account for a storage component as well once those hit deployment in volume. I'm holding out for the next generation of storage batteries and then I'll pull the trigger on a system large enough to do both arbitrage and cover the day/night cycle of this house for a week. That works out to 70 to 100 KWh of storage, which is right now both too expensive to make sense (we still have net metering here) and a safety concern. But I expect the next generation storage to both be substantially cheaper and safer than what's out there today. |
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Grid stabilization is priced in, usually using specific contracts with producers and large consumers (read steel, chemical, paper industrial sites and other with huge electricity needs). In that regard, the European markets are working fine and as intended.
Long term, we have to solve the issue of electricity storage. Short term, we are totally fine with renewables producing <60% of our electricity, and on some days even more. Base load became much less of a problem, most hige consumers in the industrial sectors found ways to be much more flexible in their demand, driven in no small degree by being to make extra money on the spot markets (and we talk 10s of millions here).