Comment Offshore vs on shore cost - wrong metric (Score 1) 328
The cost of installing wind isn't the economic driver. It's the spot price when the wind blows. In Ohio, Pennsylvania and Ontario the wind blows the hardest a night in March and April. This also coincides with the lowest demand for that region. The spot price actually would go negative. Offshore wind, in the most valuable locations, blows the hardest at peak demand times. On January 26th this year the spot price for electricity in Boston hit $0.66/kWh. In February 2021 prices in Texas hit the price cap of $9/kWh for several days. So generating electricity at the correct time is very important.
Also we are dumb as f$#k in how we manage the grid and are incapable incentivizing residential and commercial electric consumers to match their demand to supply.
Side note. We still can't economically store electric energy. Batteries and pumped hydro still have too high of maintenance costs to recoup their costs even with the large swings in prices. They are both currently used more for grid stability. There will come a tipping point, when batteries become less expensive and have more charge cycles when we will see a huge increase in grid battery storage.
Also we are dumb as f$#k in how we manage the grid and are incapable incentivizing residential and commercial electric consumers to match their demand to supply.
Side note. We still can't economically store electric energy. Batteries and pumped hydro still have too high of maintenance costs to recoup their costs even with the large swings in prices. They are both currently used more for grid stability. There will come a tipping point, when batteries become less expensive and have more charge cycles when we will see a huge increase in grid battery storage.