- Wholesale power prices are increasingly turning negative at times of high solar output
- Observers say rooftop solar is “cannibalising” electricity prices and hitting large-scale solar hard
- There are calls for storage and greater daytime demand to help soak up solar production
That’s why the calls for storage should be in the form of rebates for solar and battery systems for residential houses, rather than the big battery tech they keep on suggesting we use. Wholesale prices won’t go negative if solar users don’t sell the power they generate, and the solar users can save money too by using the power we’ve stored when the prices go up.
It’s a win-win, albeit with the major exception of those who don’t have solar. Who won’t be able to take advantage of negative prices and will probably be hung dry with higher bills (keep in mind they are already pretty high to begin with)
Commercial cost are significantly cheaper at grid scale storage and also covers renters not just the elite ….
Build 'em all. There will be winners eventually. Until then, let’s try everything.