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by Someone
643 days ago
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> I am on a tarrif that pays a penny more per kWh to use 100% renewable energy so my price should not be impacted by gas prices". How naive was I - prices obviously shot up. > or if there is some more general economic-theory behind it. It’s economics 101: supply and demand. If electricity from renewable sources wouldn’t get more expensive, demand for it would soar. Since supply can only follow slowly (it takes time to build wind farms/install solar panels), demand would outstrip supply, so prices go up. |
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