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The higher the cost of electricity the more lucrative new renewable energy sources are. Markets will do their thing. The short term concerns you bring up are v
by peter422 4y ago
The higher the cost of electricity the more lucrative new renewable energy sources are. Markets will do their thing.
The short term concerns you bring up are valid but at the same time to expect to shift from an oil based world to an electricity based world seamlessly is asking a lot.
- grecy 4y ago> Markets will do their thing And yet in a country with as much sun and coastline as Australia, electricity prices are set to double in the coming months. Why? Profits.
- nradov 4y agoThat's not going to work until the market mechanisms are adjusted to pay for reliability. Renewable energy is not reliable, unless it's accompanied by storage. And storage is tremendously expensive.