The True Cost of Renewables are Hidden Due to a Lack of Market Transparency

Testifying before Indiana’s 21st Century Energy Task Force, electricity markets expert and regulatory attorney, Mike Nasi, warns Indiana policymakers of the significant indirect costs and risks renewables have placed on the Texas grid.

Mike Nasi: “I have solar on my house. I’ve supported wind generation. But, we cannot underestimate the escalating costs as we more deeply penetrate the market with [renewables]. So, where Indiana is now is where Texas was a decade and a half ago, making decisions about really big, weighty, costly things; and, I’d simply ask, look to Texas and learn the lessons from it. […] Very high performance from the thermal fleet is keeping this story from being a horror story. […]

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