10 Dec '13, 6am

What Happens When Energy Prices Are Zero?

There never can be a ‘market’ solution for this dilemma. It will have to be a technology fix. As OPEC will tell you, if you don’t control the supply you lose control of your pricing. The law of supply and demand. Every time nature delivers a glut of power, the market enters queer street. The only way to control that (other than switching the excess off) is to deploy less total installed capacity AND build your renewables with before-generator energy storage. “The retail consumer has borne the brunt” – Yes, but that is only one aspect of this monumental market failure. This is infrastructure we need to build. That calls for international, cross-border co-operation and a joined-up planning strategy, not the whims of market speculation and government decreed market incentives. Everybody agrees that we need (at least some!) energy storage to run an efficient future grid, but t...

Full article: http://cleantechnica.com/2013/12/10/happens-energy-prices...

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