If market internals improve, we'll take a signal that investors have
shifted back to risk - seeking, and that would ease our
near - term concerns, but wouldn't materially change our expectations for a market loss on the order of 50 % or more over the completion of the current
cycle.
This analysis is probably floored, and the economics probably a little better because power prices will rise over time and batteries partially
cycle from moment to moment and so can actually
shift more power but this is of little economic benefit when net metering is available (giving
near retail rates to exported power) and so the fact remains batteries are still uneconomic by a factor of 300 % even with the SGIP.