California sun makes electricity prices turn negative

(London Independent) “Yeah, they’re out there havin’ fun, In the warm California sun,” sang The Rivieras in their 1964 hit.

And it could not be more apt today as the sun in the state was so strong – and the number of solar farms so large – that electricity prices in the state have begun turning negative on the main power exchange, the US Energy Information Administration (EIA) has revealed.

Solar made up a record figure of nearly 40 per cent of the electricity sent to the grid in the California Independent System Operator’s (CAISO’s) territory for a few hours on 11 March, after utility-scale solar farms grew by almost 50 per cent in 2016, the EIA said on its website.

California sun makes electricity prices turn negative
Source: WND