15 July 2020
They discuss -
- The negative side of negative energy prices - how subsidies drive offshore wind farms and others to keep producing and push prices negative, but this is bad for the non-subsidised providers
- Energy tariffs that let individual consumers benefit from negative prices
- Why renewable energy investors need to take a view on the future build-out of projects in order to price assets today. There’s a downside scenario that assets won’t be able to generate all the time in the future, and when they do, it might be at times when prices plunge
- Why storage hold the key now – batteries work for short periods of a few hours, but week to week that doesn’t work and is the key challenge. Gas, nuclear or biomass are current options
- 100GW – 270GW is the build out that is probably needed. The size of the challenge means we’ll need to be building a lot of everything
Useful links referred to in our podcast this week
- The positives of negative prices
- The GB Power Investment Index - powered by LCPEnVision
- Kyle’s Linkedin
- Follow LCP Energy Analytics team on Linkedin and Twitter
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