Utility planners must look deep into the future as they plan, finance, and build 50-year assets. And yet, the future is uncertain. Though demand for clean energy is increasing daily, transmission capacity, which is key to integrating renewable energy into the grid, is already at it’s limit. And further, there is no plan for adding new capacity in our region.
Since wind and solar power are nearly free to run when the wind is blowing and the sun is out, there is a concern that increased renewables may lead to more frequent negative pricing events. However, there has been little data.