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46 - Talking The Clean Energy Transition with Michael Liebreich (Chairman and CEO @ Liebreich Associates)

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Is There a Pushback to Wind and Solar?

There were initially a lot of people who just thought that it was kind of like they call it alternative energy and they just didn't couldn't see how this stuff could ever be important. As soon as you've got lots of power being dumped on the market when it's windy and sunny with zero marginal cost,you just have a system that doesn't work. So everything works on a marginal cost when the price basically matches marginal costs. It all falls apart. You know, so I went to California,. we talked about California 2007, 2007, I said, your daytime electricity price is going to go to zero. And these people laughed, they laughed, right?

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