[mezyt]

> Many jurisdictions are downright hostile and obstructionist for any renewable investment.

Right, as long as energy prices are not guaranteed no one is going to invest massively. No one want to be the one having to eat up a 8000$/mwh price like in Texas in the Winter. The 3 month mean volatility of energy prices in Europe is 350% (with peak of more than 1500% in 2009 and 2021). For comparison Bitcoin volatility is 54% in the last 10 years.

[voisin]

Could you elaborate on your point I a bit? I think you are making a good point but I am not fully grokking it. Are you looking at the investment on the utility’s level or the individual level? Wouldn’t high variability provide an “insurance justification” for individuals to push solar / battery or similar? Who eats the $8000/mwh currently that wouldn’t be able to justify renewables on just that basis?