Wholesale electricity prices track gas exposure, not renewables share.
Wholesale electricity prices track gas exposure, not renewables share.
janrosenow.substack.com
Do renewables make electricity cheaper or more expensive?
The honest answer is: it depends on what you measure, and where you look.
What this means is that wholesale price doesn't drop until gas -burning power plants are not being used. So it takes quite high renewables+ battery deployment to lowe wholesale price.