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>and the price of electricity is plummeting thanks to renewables. Not according to sources I can find. EIA forecasts for the long term project continued increa
by ineedasername 4y ago
>and the price of electricity is plummeting thanks to renewables.
Not according to sources I can find. EIA forecasts for the long term project continued increases through 2050 [1] Maybe in locations elsewhere in the world? Or specific states in the US? Certainly not where I live, which is aggressively pursuing renewables and despite this prices continue to increase, and were doing so before the spike in natural gas prices.
[1] https://www.eia.gov/outlooks/aeo/data/browser/#/?id=1-AEO2023®ion=0-0&cases=ref2023&start=2021&end=2050&f=A&linechart=~ref2023-d020623a.58-1-AEO2023&ctype=linechart&sid=ref2023-d020623a.58-1-AEO2023&sourcekey=0 https://www.eia.gov/outlooks/aeo/data/browser/#/?id=1-AEO202...
- ZeroGravitas 4y agoThat's nominal price, their inflation adjusted prices, which they also provide, drop.
- ineedasername 4y agoGood point, I missed that. But that is still very far from plummeting. It’s a very gradual decline that assumes inflation stays above 2% (though that is probably a reasonable assumption) I hope they will plummet, I just don’t see much pointing in that direction right now.