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Rooftop solar panels are flooding California’s grid. That’s a problem. As electricity prices go negative, the Golden State is struggling to offload a glut of solar power (wapo.st)

submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]

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I'll note that right now, this is a seasonal issue, associated with moderate springtime temperatures when there is a lot of sunshine available.

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[–] [email protected] 0 points 7 months ago* (last edited 7 months ago)

How is capitalism the problem?

Capitalism is the solution, it's the cause of this huge deployment of solar.

Market forces have chosen the cheapest cost and that has been deployed. That itself through supply and demand and impacted the price of electricity. This has caused low and even negative prices in the day.

Denholm says that as solar continues to drop in price, installing solar that is curtailed regularly can still be cost-effective. “Throwing away some amount of renewable energy can absolutely make economic sense,” he said.

Those same market forces and causing the huge development of batteries as people can make money buying low selling high in the evening. The issue is that solar is causing excess costs to the grid, as such that cost needs to be recouped or the grid will fail and people won't have power at all.

This website is very capitalism is bad propaganda and gives no reasoning. I'm surprised you have so many upvotes without explaining your position. Why is capitalism the problem here?