The value of solar in Texas has surged even more than its growth
Bucking popular wisdom, the relative value of solar-weighted generation in Texas’ main power market, ERCOT, reached an extremely high value in 2019 - well above recent levels for anywhere in the US. They remain relatively high in 2020, despite a much calmer ERCOT market. What’s more, ERCOT futures pricing now indicate solar-weighted power value may stay elevated for years to come.
Solar Eats its Own?
Prevailing theory, in wholesale power markets, states that as renewable power technology further penetrates a market, it drives the value of its power downward.