Wholesale market crisis
Electricity market: Sustained low wholesale power prices are driving coal, nuclear and even gas plant retirements, pushing independent power producers into the red, and spurring reforms of wholesale market structures. But even PV is not immune to these trends. pv magazine looks at the implications for the solar industry.
In April, U.S. Energy Secretary Rick Perry sent a memo ordering staff to prepare a report to look into the retirement of “baseload” coal and nuclear plants, and why this is happening. And while Secretary Perry’s stated reasons for this report were long on energy mythology – including the anachronistic claim that such plants were …
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