California power grid cleared for renewable power

LOS ANGELES, CALIFORNIA - The California power grid manager praised a decision taken by the U.S. Federal Energy Regulatory Commission FERC designed to alleviate bottlenecks in connecting new power generation projects to the transmission grid in California.

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WASHINGTON - One of the arguments that's consistently been raised against doing anything about climate change is that it will be expensive. On the more extreme end of the spectrum, there have been dire warnings about plunging standards of living due to skyrocketing electricity prices. The plunging cost of renewables has largely silenced these warnings, but a new report from the Department of Energy suggests that, even earlier, renewables were actually lowering the price of electricity in the United States.

 

Plunging prices
The report focuses on wholesale electricity prices in the US. Note that these are distinct from the prices consumers…

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