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by phil21
625 days ago
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You can’t ignore the high prices when the wind doesn’t blow while saying the low prices when there is an excess of production is the true cost. This is called cherry picking. The cost of intermittent power sources includes the dirty fossil fuel peaker plants built and ran to back them. Think of them as batteries. Intermittent power sources more or less are financial engineering parasites to the grid at this point. It could be fixed but no one has the political will to do so. Eventually you run out of other people’s power and the chickens come home to roost. The most obvious investment I’ve made in the past 15 years was natural gas. Until chemical battery storage catches up (doubtful) or there is a return to rationality in this space I expect the party to continue. I hate it. I think solar and wind are great technologies that are currently horrifically misused by folks getting rich off the backs of regular people. |
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> while saying the low prices when there is an excess of production is the true cost.
I didn't say that. There are no low prices in Britain because natural gas is expensive. There are low costs to some producers, but low costs and low prices aren't the same thing. There are multiple costs but only a single price, the highest one. You've got to completely eliminate the need for your highest cost producer before prices go down.