This article popped up somewhere . Maybe on another thread ?
It's quite interesting how it talks about wind pricing in that you don't get as much for the power if there is an abundance of it . As we've seen where prices go negative .
The result being that it pushes prices from backup fossil up because they are generating less and probably have more stop starts or lose opportunity ( big coal ) because of cycling .
That makes sense of course but I reckon it also incentivises the renewable generators even more to add storage . If the renewable generators can only get a lowish price when it's sunny or windy because there is lots of competition then there is an quite an incentive to time shift their generation via storage .
In the short term this will add cost obviously but I think it might accelerate the switch over because storage will be where the returns are if you average it out .
So , I expect more disruption . We may see things like Snowy 2.0 and Tassie BB built so that we have large storage sooner and then be partly replaced by new technology a decade or two later ?
Anyway , I found it quite interesting article and thought provoking .
