Re:New concentrator could help solar panels capture more sun...
by Retric on Thursday June 30, 2022 @01:55PM
(#31936084)
Buyers will eventually face a related issue.
To simplify if nuclear/geothermal or whatever was 10c/kWh if sold 24/7 but if wholesale prices are 1c for 8 hours a day then base load generation needs to make up 8x9c = 72c over the other 16 hours. Now prices would hypothetically jump from 10c for those 16 hours to 14.5c for those 16 hours.
It should still be a net savings for the average consumer, but if your business model is based on cheap electricity at 10am to 4am that might flip to 10am to 4pm.
To simplify if nuclear/geothermal or whatever was 10c/kWh if sold 24/7 but if wholesale prices are 1c for 8 hours a day then base load generation needs to make up 8x9c = 72c over the other 16 hours. Now prices would hypothetically jump from 10c for those 16 hours to 14.5c for those 16 hours.
It should still be a net savings for the average consumer, but if your business model is based on cheap electricity at 10am to 4am that might flip to 10am to 4pm.