Financial Impact of Photovoltaic Solar Power...

Mike Sandiford has a very nice analysis of the impact that photovoltaic solar power (i.e., solar panels) has had on Australia's power markets.  The answer was unexpected for me, for reasons that Mr. Sandiford explains well: solar has had a large impact, completely out of proportion to the small percentage of the overall power that it supplies.  The key to understanding why is all about the timing: solar panels supply power during the peak sunlight hours, which happen to coincide with the most expensive electricity on the spot market.  Mr. Sandiford thinks that power operators have very good reason to be afraid of the impact of solar panels...