Spot Power Turns Negative in California on Solar, Wind Output
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Spot wholesale electricity turned negative in California as solar and wind generation topped forecasts, a signal to suppliers to reduce flow.
Wind turbines produced 1,537 megawatts during the hour ended at 1 p.m. local time, more than double the forecast, according to data from the California Independent System Operator Inc., which manages the state grid. Solar output topped projections by 10 percent with 2,492 megawatts during the period.