You are here

Why are Californian Solar Firms Paying to Give Away Power?

           

Getty Images

bbc.com - June 29, 2017

California companies are generating so much solar power that firms in other states are getting paid to take it.

The state has been forced into the arrangement to "avoid overloading its own power lines", according to the Los Angeles Times.

The situation doesn't necessarily mean we are "throwing money away", says economist Severin Borenstein, a professor at UC Berkeley's Haas School of Business.

"But it probably is an indication that there are some serious problems in the way we're running the grid and the way we're making investment decisions."

(READ COMPLETE ARTICLE)

 

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 
Groups this Group Post belongs to: 
- Private group -
howdy folks