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California Renewable Energy Drives Fossil Fuel Plants to Close

Renewable energy in California is driving wholesale power prices to new lows and, in turn, forcing more fossil-fueled power plants to close down due to…

California | Renewable Energy | Hydropower | Electric Power | Power

Industrial Info

Tue May 23 2017

California Renewable Energy Drives Fossil Fuel Plants to Close

Renewable energy in California is driving wholesale power prices to new lows and, in turn, forcing more fossil-fueled power plants to close down due to the inability to recover variable costs. Real-time power prices between 8 a.m. and 2 p.m. this spring have averaged between $0 and -$16 per megawatt hour (MWh) and the day-ahead prices have »