Climate etc.- Why “cheaper” wind and solar raise costs. Part I: The fat tail problem
Just as rare but massive losses in trading can wipe out gains, peak demand periods in power systems drive costs that overshadow renewables’ savings during easy times. Electricity demand fluctuates, and supplying power is far more challenging—and expensive—during certain periods.
Carnage et al have a simple solution to lack of peak demand generating capacity; rotating black outs.
Too bad, so sad, if your pipes freeze.
If the Laurentian Elite’s A/C ever went out, that would grab some headlines!
LOL.. Off peak demand, I don’t want or need your power.. So I will take it for exactly what you paid.. Nothing..
Add to that.. Green needs backup energy production to cover for its intermittent problems.. Adding massive costs to the green circle jerk..
That’s a lot of jobs, but who is paying for it?.. I guess we will find out :)..
Everyone who is paying attention knows most of this; and 90% of it undermines affordable, reliable energy delivery.
The “fat tail” problem? What’s Lizzo got to do with this?