> the spot (instantaneous) energy price will drop to near zero
Yes, and that means generation will become unprofitable.
We seem to be a decade or so away from the point where the investment on generation can't be decided by direct ROI. And nobody is preparing for this. Governments need a long time to regulate that kind of thing... so we can expect some problems on the near future.
Yes, and that means generation will become unprofitable.
We seem to be a decade or so away from the point where the investment on generation can't be decided by direct ROI. And nobody is preparing for this. Governments need a long time to regulate that kind of thing... so we can expect some problems on the near future.