|Decreasing market value of variable renewables is a result of policy, not variability
The decline in average revenue seen in some recent literature is due to an implicit policy assumption that technologies are forced into the system, whether it be with subsidies or quotas. If instead the driving policy is a carbon dioxide cap or tax, wind and solar shares can rise without cannibalising their own market revenue, even at penetrations of wind and solar above 80%.
I see broken things and fix them. Background in electrical engineering, software engineering and genetics.
Interested in sustainability and energy systems.
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