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Several MIT students warned in the latest study that solar photovoltaics will suffer from bottlenecks as they continue to grow. In short, the researcher believes that the volatile renewable power can reduce the wholesale price, thus limiting their own economic value. This kind of attitude has also been reported by the media (including Fox Media, green technology media, and financial time reports, etc.), leaving industry observers with a refreshing impression of renewable dynamics that are not open for a long and refreshing situation.
Can these beliefs be fair and can the assumptions about the Internet and power markets be valid?
This critical comment based on static network and market mechanisms does not change the hypothesis will hit the innovation’s imperative. However, the overall evaluation of the future dynamic system that is low in cost and reliable, demand is based on comprehensive considerations based on various fluctuating renewable forces, market effectiveness, and new technologies that can flexibly integrate resources.
The drop in wholesale prices is a question worthy of attention, but the term “restraint” of restraining the economic value of renewable power neglects the corrective effect of the Internet’s supply side changes, demand side resources, and the continuous improvement of the market mechanism. The Paris climate conference is about to be held, and it has the main meaning to guide and explore the future development path of low-carbon cleanliness.
1How to understand “difficult”?
There are more and more people who are waving renewable forces, such as wind and solar energy in american networks, will suffer from development bottlenecks. This theory suggests that a large number of fluctuating renewable power supply at certain points in the day will result in oversupply. The famous “drink curve” is the best evidence: the drink curve comes from the California power system mold, and refers to the negative load curve obtained after reducing the power of the photovoltaic power. Critics believe that the technical attributes of fluctuating renewable forces (especially photovoltaics) make photovoltaic’s daily power generation different from people’s electricity use, which will have an economic impact on all types of power generation, including renewable forces themselves. When resources are abundant, renewable power outputs a large amount of power to replace the power generated by high-sided international resources (such as coal thermal power generation). Electricity prices are generally based on the highest-sided international capital recognized by the market. The excess power generated by renewable power will lower the market electricity prices.
This “premium order effect” will reduce the returns on fossil fuels, and the impact of this effect in Europe is particularly obvious. Cen Li in solar power generationDuring the period, high-cost and high-cost firepower power plants could have achieved very high profits. However, photovoltaics has caused power prices to fall sharply, and has also caused 10 of the largest power companies in Europe to lose half of their market value. At the same time, the priority order effect should make the fluctuating renewable power gradually decrease while expanding into the Internet. A common conclusion is that with the improvement of application rates and the decline in procurement prices, the volatility of regenerative power will eventually become increasingly erected in the power generation system.
2Three reasons to accelerate the application of renewable dynamics
If the development research and discussion of volatile renewable dynamics is compared to a micro-view economic thinking experiment, then the analyzer who proposed the above theory only sees its first half. The basis for these “difficult issues” they assume is the law of supply and demand, but many deep-seated problems in power supply and demand are neglected, and people focus on themselves separately.
First look at Sugar daddy:
1. Changes in supply side are global
Many of this type of thinking experience only considers the addition of a new power supply source (whether it is photovoltaic Sugar daddy) and neglects the resource changes that occur at the supply side at the same time. Sugar daddyIn fact, solar photovoltaics, wind energy, and natural atmosphere are simultaneously supplied to the side and become power generation resources. Among these three forces, the first two often play a role in replenishment, while the third one is adjustable. Therefore, the combined application of several power supply sources can solve the problems described by “drink curves” at a very high level.
At the same time, the entry of the unprofitable assets into the market can also offset the rise in wholesale prices. For example, the cat was wrapped in Song Wei’s feathers all the way, and it was no longer trembling at this moment, but the old power plant, which was still highly purified, even if the power generation cost was low, it would still increase the cost with the upgrade of the power generation system and resource and other fixed-term sales infringement, and slowly join the market. The resulting shortage of supplyThe five regulars in the song will be offered to the song line include various artists: host, comedy actor, actor, etc. The total volume has been reduced, and it has created energy for renewable and other fossil dynamics to generate high electricity prices and high interest rates. Of course, except for the situation where demand falls at the same time, this is different from the laws in the industrial world.
2. Demand will become more flexible
Analysts who adhere to the view that “the volatility of renewable powers will limit its growth” assume that the wholesale market is complete and useful, and the wholesale market is not changed and the demand is fixed. But this kind of incomplete thinking is not correct, and it is ignorant that people’s governance capabilities on the side of their needs are constantly improving this fact. For example, people are supporting and responding to electricity-dependent pricing projects, which are expanding their promotion scope. Equipment like electric water heaters and electric vehicles have a flexible time and will not put pressure on power supply services. In addition, new business forms (from power companies to third-party agencies) are actively supplying solutions to drive the power demand into a step forward with soundless, convenient and fast, and no customer participation in any purchase and sale.
These reasons will improve the flexibility at the demand side, which is a major and low-cost resource that can reach the most natural reaction to the price changes of efficient markets, allowing consumers to apply it and benefit from the lower-priced electricity generated by wind and solar energy. In other words, since renewable power prices have dropped during certain periods of the day, the flexibility of the demand side users adjust their electricity demand to these (low price) periods, and in turn pushes the price drop in other (Cen-L) periods, and will push the price increase in the renewable power output period.
The cat finally calmed down and fell asleep obediently.
3. Ability to make renewable power adjustable
Multiple power supply and flexible power demand will greatly solve people’s concerns about renewable power, but problems still exist at a certain level. The continuous landing of battery prices and the value types of battery supply mean that the remaining volatility problems can be solved, and the cost is only slightly increased. In the wholesale market, this will promote self-equilibrium of distributed power generation (Sugar baby As we have seen in Germany and Australia, this will also affect the power business form of american. In the wholesale market, with multiple power generation, high-price periods will inspire developers to focus on energy storage. Now energy storage has been The replacement plan for Centre Electric Power Generations, and the battery installed to provide the power supply to Centre Electric during the period can also help adjust the economic benefits of renewable power prices.
Energy has become a mature supporting plan for (through melting salt) solar photothermal power generation and is now becoming href=”https://philippines-sugar.net/”>Sugar daddy is a distribution for solar photovoltaic power generationSugar daddy package plans. For example, in recent Chile’s unsupported power auctions, all renewable power winnings include not only solar power prices as low as $65/megawatt hours, but also solar power supplies at night through heat or electricity. The solar energy price is only US$97/MWh. The energy can make the volatile renewable force adjustable, and the volatile regenerative force solves the challenge of volatility on network concentration. To determine this conclusion, our recent research and analysis demonstrates that the true distribution after installation on the meter The energy storage system can provide thirteen basic power service projects, which can reduce the cost-effectiveness of the battery, although it may not be the best way to achieve network flexibility. Similar evidence also points out that problems posed by traditional power generation can be obtained through TC:
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