ouch https://www.wsj.com/articles/energy-prices-in-europe-hit-records-after-wind-stops-blowing-11631528258 …pic.twitter.com/91tJfwihzh
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People are starting to realize that their 'cheap' renewables have to be backed by cheap fossil fuels like gas to work 24/7 When gas gets expensive prices soar, like wholesale prices doubled in Spainhttps://michaelshellenberger.substack.com/p/skyrocketing-natural-gas-prices-create …
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Interesting data, although I doubt their conclusion (just go for more green, then the costs will come down) https://www.bruegel.org/2021/09/is-europes-gas-and-electricity-price-surge-a-one-off/ …pic.twitter.com/JqjUBRSxRP
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cheap fossil? lol
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Nord Stream 2 is coming
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So, dependency on Russia is the solution for reliable energy?
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Or batteries, including electric vehicles and smart grids to even out the load, or pumped hydro
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Neither batteries or pumped hydro is cheap.
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Due to their intermittency, both wind and solar require a backup fossil fuel plant, so your capital expenditures go up, not down. All you're doing is saving fuel, and due to the backup plant's constant ramping up & down to accommodate their variability, even that is debatable.
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the saving though has to be seen in the context of overall growth in demand too. we’re gambling on ‘electric everything’ ..
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