u/Oddtimer

I'm in Northern California. PG&E, under the new rate structure, will pay me $0.04 per kWh for my extra solar power. I think this is the lowest rate PG&E pays for power on the wholesale market. At peak times, oil powered generation plants get $0.20 to $0.70 per kWh. If I have to buy power from PG&E, I pay $43 per kWh.

I'm providing the most valuable power to the grid. I'm providing it right where it's needed, not at the beginning of a long transmission line.

Has anyone done the analysis to quantify the value of the power I'm providing PG&E? Is the $0.04 rate too low?