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Platinum Plus - Renewable Monthly Report

October 2023 - Shoulder Season

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October 2023 continued to see the renewable transition impact the overall power grid all the while the natural gas space was needing to stimulate a demand by lower the spot price of the molecules across the country.  The report dives into key contributors driving down the solar capture ratio in California, how the solar capacity increase is changing the ERCOT hourly price dynamics and what sort of impact the Pacific Northwest hydro season is having now that a new Water Year has been initiated. 

Figure 1 | CAISO System Solar vs. Net Load

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