Everything, everywhere, all at once: US power market challenges post-IRA
Commodities Focus
00:00
Transition Permitting and ISO Level Generation Interconnection Cue Backlog
When you accelerate deployment of a low marginal cost resource, you're also going to accelerate price suppression. So captured prices are basically a proxy for the revenues that they could earn if they're not curtailed. This of course creates risk and eventually acts as a headwind to further deployment. But again, like what our modeling tells us is that the IRA tax credits more than make up for the energy revenues that are lost through this accelerated price suppression.
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