Is energy way up since 2020 because of renewables? Or just up with everything else due to overall US economic health?
The energy not produced by personal solar at my house is primarily NG (60+% fossil fuel, 20+% solar/wind). That power has gone up significantly. To add to the pain is paying back the 2021 freeze bankruptcy fiasco where Brazos Coop failed to purchase enough power and we got stuck on the real time wholesale rate. And no, frozen windmills or reduced solar were not the primary culprits for the Tx power issues. Increases in Solar and Wind in Tx is not the reason my rate has increased 50-100% in the past 2 years.
Best path forward for me is probably to increase solar size to buffer myself from the volatility in primarily fossil fuel energy production. At these rates, my ROI stays very reasonable, not that I’d be terribly upset if power went back to 2019, but I don’t see that ever happening.
Good read here, some points I haven’t considered.
The Paradox of Declining Renewable Costs and Rising Electricity Prices