Get access to global coverage at an exclusive 20% discount at https://economist.com/moneymacroFurther reading mentioned in video: Goodbye oil: https://www.ec...
It is a sign of market opportunity and batteries will come into play more.
But it will always be cheaper in the middle of the day so demand shift would be good.
Things like heating, cooling, water, washing, cleaning, charging. All being done in the middle of the day will be the easy wins.
But certainly in high production low usage times the arse is going to fall out of the price. But really how many processes can run for short durations? Most high energy processes are high capital and run 24/7.
It is a sign of market opportunity and batteries will come into play more.
But it will always be cheaper in the middle of the day so demand shift would be good.
Things like heating, cooling, water, washing, cleaning, charging. All being done in the middle of the day will be the easy wins.
But certainly in high production low usage times the arse is going to fall out of the price. But really how many processes can run for short durations? Most high energy processes are high capital and run 24/7.
Hopefully we will get to the time where atmospheric carbon scrubbing will be acceptable to discuss.