Cheap Renewables Was the Easy Part. Now What?

Solar and wind power have the lowest cost in most markets now. Renewable energy engineers have won the battle on cost, but that's not the full answer.

We don't just need the lowest cost electricity, we need electrons when and where we need them. And that means a shift in thinking: from cost to value.

In today's video, I speak with Laurent Segalen and Gerard Reid who are the hosts of my favourite podcast: Redefining Energy. They each have decades of experience in renewable energy finance - Laurent as a trader and Gerard as an investment banker.

01:41 Renewables are the lowest cost new power generation in the world (LCOE - levelised cost of energy)
02:13 Cheap green energy when and where you need it
03:02 Intermittent renewables' effect on the grid
05:33 Trading 101: matching space and time of generation
07:04 Electricity wholesale price vs capture price
09:02 The famous duck curve
10:19 Value-adjusted LCOE
11:44 Flexible storage and mismanagement of hydro assets
12:54 We need smart regulators
14:02 Trust


You can download the Redefining Energy podcast here:
https://redefining-energy.com/
My favourite episodes are #44 - Hydrogen... it's complicated and #37 Energy Transition in Spain (with Iberdrola)

Thanks for watching the video Renewable Energy Paradigm Shift from Cost to Value