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Why More Solar and Wind on the Grid Should Be Driving Today’s Investment Decisions

A newly released Lawrence Berkeley National Laboratory (LBNL) report has found that when the share of electricity generated from wind and solar reaches 40-50 percent, wholesale power prices will decrease by US $5-$16/MWh.

The LBNL study also has implications for demand and supply-side investment decisions, electric vehicle infrastructure planning, and the design of energy efficiency and demand-side management response programs.

The report by scientists in the laboratory’s Electricity Markets and Policy Group reflects the first year’s qualitative findings of an ongoing three-year effort funded by the Strategic Priorities Impact Analysis section of the Department of Energy’s Energy Efficiency and Renewable Energy Office.

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