NewEnergyNews: Solar Plus Hydro Drive Wholesale Power Cost Sub-Zero

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    Thursday, April 20, 2017

    Solar Plus Hydro Drive Wholesale Power Cost Sub-Zero

    Wholesale energy prices dip below zero because of California’s solar power

    Ashley May, April 11, 2017 (USA Today)

    “…Last winter and early spring’s dependence on solar [coupled with the oversupply of hydropower resulting from the rainy winter] drove wholesale energy prices to negative prices…[In a major first, solar power in the California Independent System Operator accounted for nearly 40% of net grid power for three hours on March 11, 2017…These figures don’t translate for the consumer into retail prices, which are based on averages. But the move will likely cause energy companies to pay more attention to green energy options…Solar represented 13% of California’s power last year…[and the] nation's solar workforce grew from 209,000 in 2015 to more than 260,000 last year…[It was the fastest growth recorded in the seven years of published data]…” click here for more

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