59
Yet they neutered solar for consumers with Nem3.
On the micro level ( a homeowner), I can absolutely understand the anger and disappointment about the retirement of NEM2 and the adoption of NEM3. At the macro level, whats the other option? The article itself touches on this that more power is being produced than is needed at certain times. That's the time that NEM3 it working to combat.
Why do they need to combat that? A surplus from renewables is a good thing no?
Solar homeowners are wanting to be paid top dollar for what they produce when surpluses exist when prices for electricity can actually be negative during those times. There is too much supply at that moment, and not enough consumption. This is what NEM1 and NEM2 allow, and what NEM3 tries to address. Where does that money come from to pay the homeowners to make them happy?
PG&E?
PG&E's only source of revenue is ratepayers. Are you asking non-solar homeowners to pay more for solar homeowners for unneeded electricity?
Maybe instead of spending billions on stock buybacks they could pay for electricity.
Looks like the last stock buyback they did was in Dec of 2020. NEM2 was valid for new solar installs up until April 2023.
Energy storage costs money. A surplus for the noon hours every day doesn’t help anything.
this post was submitted on 27 Jun 2024
59 points (98.4% liked)
California
1402 readers
132 users here now
Welcome to /c/California, an online haven that brings to life the unrivaled diversity and vibrancy of California! This engaging community offers a virtual exploration of the Golden State, taking you from the stunning Pacific coastline to the rugged Sierra Nevada, and every town, city, and landmark in between. Discover California's world-class wineries, stunning national parks, innovative tech scene, robust agricultural heartland, and culturally diverse metropolises.
Discussions span a wide range of topics—from travel tips and restaurant recommendations to local politics and environmental issues. Whether you're a lifelong resident, a recent transplant, or planning your dream visit, /c/California is your one-stop place to share experiences, ask questions, and celebrate all the things that make California truly unique.
Related Communities:
Nearby Communities:
- California
- Bakersfield, CA
- Bay Area, CA
- Burbank, CA
- Fresno, CA
- Long Beach, CA
- Los Angeles, CA
- Oakland, CA
- San Diego, CA
- San Jose, CA
- San Francisco, CA
- Sacramento, CA
- Santa Clarita, CA
founded 1 year ago
MODERATORS