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"With the growth of renewables, the retirement of base load fossil-fired generation and the dependence on renewables, on days renewables are not showing up, it's going to be very pricey," said Amperon CEO Kelly.
It is federal policies that are undermining industry growth. Wind and solar are not industrial scale energy. Texas does not need these renewables. California is benefitting because of the heavy rainstorms which power their electric dams. What you get with solar and wind is expensive energy because the backup energy will not have a fixed volume of supply, those power plants have to be in standby, not making profits, and when they do come online, it is spot market distribution. The problem is the Federal Government, that is pushing the market into malicious investment. I am not against wind and solar, but they are no replacement for base load energy. If you hear otherwise, then you are consuming propaganda. Base energy generates revenues by constant generation. Germany is an example of what renewables will do; renewables deindustrializes an economy. Considering the unpredictable nature, it is questionable whether building transmission lines just for these energy types is really all that worth it.