Report Extols The Benefits HVDC Offers The Grid
Another hurdle to getting HVDC or other major transmission needed is the current permitting process, said Rep. Sean Casten (D-Ill.), Congress’ chief FERC booster. Also, it “is too damn cheap,” Casten said.
“You’ve generated this problematic resource that is super cheap: effectively zero marginal cost,” Casten said. “And on the other end is an entity — an RTO or utility — who depends on earning $50, $60, $70/MWh. And you are putting $30 power into that market.”
