Electricity Price Increases

[NoTrespassing]

Within each grid there needs to be ample power generation from 'always-on' sources (nukes, coal, NG, etc) to power those grids at peak+ 30%.

lol... and people complain about their energy prices doubling, today! Are you ready to pay 10x more for your power?!?


I guess that will make residential ROI on solar more likely.

 

[Torvy]

lol... and people complain about their energy prices doubling, today! Are you ready to pay 10x more for your power?!?


I guess that will make residential ROI on solar more likely.

Prices are high because demand exceeds supply and some elected officials think growth is bad. Costs to build coal, NG and nuke power are artificially inflated to make solar and wind seem more rational. Had they not shuttered existing coal and NG and blocked new Nuke plants, we would already be closer to equilibrium.

Increase supply and prices go down. Basic economic law.

The 'extra' is to absorb the future growth. By the time new plants are operational, demand will have increased and some older plants will need to be taken offline. Wind and solar will always only be supplementary power.