Solar gets all the attention, but another explanation is at least as important.
Even during extreme promotions like “Black Friday” and “Cyber Monday”, it is rare to see anything sold for a negative price. Low prices, sure. But truly negative prices are rare. You only see this when a seller is really desperate to get rid of something. 1-800-GOT-JUNK made $200 million in revenue last year getting paid to haul away junk. Turns out all that stuff in your attic isn’t priceless after all — it has a negative price.
This Spring, California electricity generators have been doing the electricity market equivalent to calling 1-800-GOT-JUNK.
