alt Hacker NewsThis is a road to serfdom (and/or a road to 1789 France) situation with what's happening to energy prices in the past couple years[1].
The price of new solar+battery and wind should be pushing fossil fuel energy prices off a cliff right now, unless you live in a petrostate.
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monero-xmr • yesterday at 8:42 PM
The UK has tons of wind power but prices there are exceptionally high. Offshore wind isn't as cost effective as solar, it's the poster boy for high-cost, low-value renewable energy
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That graph is not inflation-adjusted and basically says to avoid using it like this in the description:
> Average prices are best used to measure the price level in a particular month, not to measure price change over time. It is more appropriate to use CPI index values for the particular item categories to measure price change.
I’m not doubting that (inflation-adjusted) energy prices have gone up but this graph is misleading to represent it
FRED actually has a blog post about how you would go about calculating an inflation-adjusted priced graph here: https://fredblog.stlouisfed.org/2022/11/fred-gets-real-unles...