Discover and read the best of Twitter Threads about #bpNetZeroEarnings
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As promised, a thread on renewables and why they can’t work (as is). First of all, it’s important to understand there are 2 types of power production: base load & peak load. Base load is the min power demand throughout the day, & peak load take the fluctuations thru the day
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Natural gas power plants can adjust to fluctuations in demand, and gas peaker units are able to kick on and produce incremental power for just a few hours a month when prices make them economical. The problem with renewables (wind and solar) is there is no way to increase.
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Daily power demand follows a sine curve, with peak around 3-4PM and trough around 3-4AM. This requires some variability in production to avoid blackouts. The opposite of a blackout (oversupply) is negative prices. Someone has to take the power, so producers may have to pay.
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