Not exact matches
When that inevitability comes about will California suffer the fate of Europe's crashing
energy policies mainly caused by
expanding the market
penetration of
renewable energy to a point where solar power became so cheap it was economically infeasible to produce it?
* Cloete also thinks California stands a better chance of escaping the European scourge of negative green
energy prices if it does not
expand green power beyond its present 20 percent
penetration to meet its goal of a 33 percent
renewable energy standard by 2020.
In recent years,
expanded supply of low cost natural gas, increased
energy efficiency, growing market
penetration of
renewable electricity sources, and substantial reserve margins have contributed to low prices reflecting low marginal costs in wholesale
energy and capacity markets.