From NOT A LOT OF PEOPLE KNOW THAT
By Paul Homewood
h/t Joe Public
More bad news for the wind industry:.
North Sweden has the lowest/2nd lowest spot prices in Europe, how can they make a loss when selling on a PPA?
— intermittent.energy (@IntermittentNRG) November 12, 2023
What is different about this one is that the PPA forces the wind farm to buy power on the spot market, when the wind does not provide enough:
In other words, the wind farm is obliged to pay the costs of its own intermittency. And, of course, when wind power is low, spot market prices rise.
This highlights the worthlessness of wind power, as when there is plenty of wind, the value of the product is low.
In this country it is energy consumers who have to pay the costs of intermittency, something which needs changing.