Quote:
Originally Posted by Fuzz
So is this more an issue with how our energy market is setup, rather than what could be achieved with wise legislation? Sounds like fixing issues to incentivize using green energy when it is available would make more sense than how it is worknig now. Or is it a fundamental problem that can't be fixed just by tinkering with rules?
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Its a fundamental problem because of the 10's of billions of dollars of capital needed to build the hydrogen fired peakers you need to pair with renewables. Those 10's of billions plus a fair return on capital needs to be paid for somehow, either by rate payers or tax payers.
Even if our market structure changes back to regulated, that doesn't go away. It just gets buried in the bill. Don't forget, regulated doesn't mean "we'll regulate rates so they're cheap and fair for consumers". It means regulated rates of return on capital for project builders.