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I highly doubt energy costs will trend to zero over the next decade. With the increasing threat of global warming, at least in Europe energy costs are likely to
by Maxion 5y ago
I highly doubt energy costs will trend to zero over the next decade. With the increasing threat of global warming, at least in Europe energy costs are likely to increase over the next decade as various carbon taxes are implemented as well as massive amounts are invested into renewables. Why does he think energy will become cheap / free?
- dehrmann 5y agoWind power is getting really cheap. The open question is whether it comes online faster or slower than coal is taken offline.
- solresol 5y agoThey already go negative in Australia quite regularly, almost always because of solar.
- TheSpiceIsLife 5y agoThis argument really grins my gears. When does the retail customer ever pay a negative price?
- ksec 5y agoWell I think there is a difference in Energy Production Cost, and Consumer Retail Price. There are distribution, storage, etc in between. So it may likely never be negative. But I am wondering if Solar is clearly trending towards zero. Why aren't more Solar farm being installed? I dont read any where that Solar Panel or installation are reaching max capacity. Is it simply because of storage problems?
- Ekaros 5y agoIf solar is tending towards zero there is some point where it will never payback. And really any subsidies should always be included in these calculations.
- Ekaros 5y agoThere are times when cost of energy will be zero at point of production. However transfer isn't ever free. And there will be decent part of time when it is not zero due to storage, which isn't exactly cheap. Also energy will never have zero cost, unless we produce infinite amount of it from single producer. As capital+operational cost/energy generated > 0.