California gets so much solar power that electricity prices are turning negative

Last month California showed that the state is capable of producing more than half of its power needs with solar energy. As a result, wholesale energy price of solar temporarily dipped into negative territory on March 11. Such a drastic drop in prices isn’t common, but it does display how competitive renewable energy sources have become when compared to the cost of fossil fuels.

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California gets so much solar power that electricity prices are turning negative

Last month California showed that the state is capable of producing more than half of its power needs with solar energy. As a result, wholesale energy price of solar temporarily dipped into negative territory on March 11. Such a drastic drop in prices isn’t common, but it does display how competitive renewable energy sources have become when compared to the cost of fossil fuels.

Solution News Source

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