Manonthestreet
Diamond Member
- May 20, 2014
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Never mind the infrastructure to distribute it at a competitive price. CA is truly an example of how not to do anything.
A new analysis by Los Angeles Times staff writer Melody Petersen found major problems in the state’s current solar economy. Oversupply of solar power is causing California’s operators to regularly halt production or even pay electricity traders to take power off their hands. Sometimes, other states snag the extra energy for cheap. Meanwhile, California residents, businesses and factories pay around two to three times as much for power as the national average.
A new analysis by Los Angeles Times staff writer Melody Petersen found major problems in the state’s current solar economy. Oversupply of solar power is causing California’s operators to regularly halt production or even pay electricity traders to take power off their hands. Sometimes, other states snag the extra energy for cheap. Meanwhile, California residents, businesses and factories pay around two to three times as much for power as the national average.
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