BNEF Brief: Inside California's Power Problem

The video discusses the surge in solar power in California, which has increased sixfold in five years. This growth has led to midday power prices becoming the lowest, affecting gas and solar generators differently. Gas generators operate at a loss during midday to profit during evening peaks, while solar cannot choose its generation time. Despite market signals against more solar, California mandates more rooftop solar for new homes. The video also compares the realized value of solar and gas energy, highlighting that solar's market value has diminished significantly.

What has been the trend in solar power generation in California over the past five years?

Why are midday peak power prices considered typical in most markets?

What challenges do gas generators face during midday hours according to the text?

What is California's stance on solar energy despite the wholesale power market's concerns?

How does the current value of solar energy compare to gas energy in California?