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This assumes that what people pay for power is determined by how much it costs to produce. That's already not the case in most countries. Energy prices are dete
by staunton 3y ago
This assumes that what people pay for power is determined by how much it costs to produce. That's already not the case in most countries. Energy prices are determined by taxes and subsidies.
- AnthonyMouse 3y agoYou can install renewable energy at home. If it's cheap enough to overbuild by 3-5x and the grid is overcharging for it then people will do that instead, and then the grid ceases to operate in most places. There is a non-trivial possibility of that happening regardless if storage gets cheap enough, because local generation and storage would remove the cost of distribution and outcompete the grid. More to the point, that clearly wouldn't be "free electricity"; it would be a huge tax on electricity -- on renewable electricity -- used to subsidize the energy use of carbon capture. That's not free because the market price is zero, it's "free" because someone else is paying for it. It's also crazy. You have the ability to offer cheap renewable energy and you're going to not? What kind of misanthropic policy is that?