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by spsgtn
3552 days ago
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Energy markets are a bit complicated. Wind energy has a localized value that depends on local supply and demand supported by the associated transmission line. In any case, the price of any energy resource is based on what technology is "on the margin", i.e. what is the cheapest form of energy available at a specific time to satisfy demand. It turns out that US natural gas prices are driving all the renewable energy economics due to their current historically low price. Arguably, oil prices have less of an influence on renewables than the cost of natural gas. |
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