Another "green" energy company bites the dust

[rushmc 18]

billvon

>> As you recently stated, that's not a problem.

>Yes, we do

Rush: This pricing structure does not take into account the duplicate generation needed when it will not work.

BVN: It does indeed. People like to save money, as do companies. By pricing power in a free market, people use more when it is cheap and less when it is expensive - like most other commodities.

Rush: You have a solution in search of a problem.

So now there's a problem again.

I can't keep up with your flip-flopping.

Trouble reading??

You are the one looking for a problem

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[billvon 2,396]

>You are the one looking for a problem

So now you are back to "there is no problem." Great; that's what I have been saying.

[normiss 622]

Wait for it ......

[gowlerk 1,910]

normiss

Wait for it ......

Let me say it first. I KNOW YOU ARE BUT WHAT AM I!!!!

Always remember the brave children who died defending your right to bear arms. Freedom is not free.

[SkyDekker 1,121]

That's way too proper

I Know yu rae but what ma I

[normiss 622]

Dammit!
Stuck on a conference call and I gotta pee BAAADDD, and you do that.

[billvon 2,396]

Quote

The free market can not overcome the fact that double generation must be built when one considers solar or wind.

Neither work 100% of the time. Therefore, for every meg of solar you need a meg of gas, oil, coal or nuke generation.

If that's really true, then California must be having to build hundreds of megawatts of conventional generation to account for the hundreds of megawatts of renewables being installed.

Let's see if the reality matches your imagination:
====================
Thu Jun 9, 2016 2:01am EDT
Unlikely casualty in California's renewable energy boom: natural gas
By Nichola Groom

In February of 2001, then California Governor Gray Davis stood at the site of Calpine Corp's new Sutter natural gas power plant and unveiled his plan to fast-track construction of similar stations to add 20,000 megawatts of modern, efficient generation to the state in three years.

Natural gas, Davis said, was "the most environmentally friendly, clean, appropriate fuel" to help the state move beyond the energy crisis it had just endured and enable its 34 million residents "to enjoy the good life that California represents."

Today, the plants inaugurated that day are among the casualties of a monumental shift in the U.S. energy landscape.

An unexpected combination of oversupply of natural gas and a boom in solar and other renewable energy has depressed power prices and threatened the viability of natural gas plants that sell power into the Golden State's electricity market. These developments are good for consumers and the environment, but tough on power producers who placed huge bets on natural gas.

"The world is really changing for these independent power producers," said Michael Picker, president of the California Public Utilities Commission, in an interview. "We don't need a lot of gas."
=======================
Moody's: Growing supply of renewable energy dampening California merchant generator margins

Global Credit Research - 06 Oct 2015

New York, October 06, 2015 -- The expectation of additional solar, wind and hydro-based power entering the California Independent System Operator Corp.'s (CAISO A1 stable) grid is credit negative for the state's merchant generators and companies that market electricity at competitive rates, according to Moody's Investors Service. Forward prices reflect this market expectation and indicate that energy margins for natural gas-fired power plants are anticipated to decline, even as natural gas and power prices stabilize.

"Wind and solar power have grown rapidly in California, reaching around 16% of CAISO's power market by megawatt-hour (MWh) generation in 2014," Vice President/Senior Analyst Clifford Kim says. "Had hydro power output in California not been muted by drought conditions, renewables would have represented close to 30% of the CAISO market in 2014."
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http://www.reuters.com/article/us-california-energy-analysis-idUSKCN0YV0BX
https://www.moodys.com/research/Moodys-Growing-supply-of-renewable-energy-dampening-California-merchant-generator--PR_336126