This is why cheaply rolling out renewables isn’t enough — it’s going to take having a supply constraint of some sort on fossil fuels as well
This is why cheaply rolling out renewables isn’t enough — it’s going to take having a supply constraint of some sort on fossil fuels as well
This is expected. Oil prize has been on the decline for some time. I didn’t expect demand to erode this fast, though. which I guess is kinda a good thing.
The only way forward is for renewables to become even cheaper that fossils. Which can be done. The EUs fit-for-55 will bring down energy prizes. Summertime we will see really low electricity prizes the comming decade in Europe because of this.