alt Hacker NewsEU electricity prices are high, but attributing this to renewables is backwards. Wholesale electricity prices drop when wind and solar are producing - that's been documented extensively. The high prices are largely due to: (1) gas setting marginal prices during peak hours, (2) grid infrastructure that hasn't kept pace, and (3) taxes/levies that fund the transition. As battery storage grows and reduces gas dependency for peaks, prices should moderate. The countries with the highest renewable penetration (Spain, Portugal) often have lower prices than those still dependent on gas imports.
I'm not attributing to renewables, but green initiatives.
For instance, the rising prices of carbon permits under the EU emissions trading scheme.
So, my point is that countries that don't ignore the economy just to be green--like the U.S. and specially China--seem to have vastly cheaper electricity and gasoline, which I would guess makes them more competitive/lowers prices.
Over here we have no NG and no oil, and on top of that we tax our companies because of emission limits, while in China they burn coal like there is no tomorrow.
We wanted to outlaw non-electric cars, while the car industry in Europe is huge and we don't have a way to build batteries, etc. etc.
Seems to be a pattern that is hard to understand.