this post was submitted on 10 Apr 2024
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A Boring Dystopia
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Aren't prices swinging rapidly between negatives and high peaks a sign of volatility, where specifically fossil gas peaker plants flourish? (Since we have a notable absence of proper grid-level storage)
Yes, but if baseline generation goes up there are fewer peak demand events that exceed available baseline capacity so fewer revenue generating opportunities for peaker plants. But I agree the real answer is less overbuild and more storage- unfortunate given today's Tesla news.
For now, BESS is a hugely growing industry and many countries' planning authorities are speed lining them.