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by JohnyLy
3992 days ago
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Electricity will become cheaper thanks to renewable energies (Solar, Wind...) and energy storage improvements (Batteries). But, I think we should point out that those energies represent large investments at first. For instance, building solar electricity plants is very expensive, the same way as Wind power.
Germany is a good example: they stopped nuclear plants to increase their renewable energy production but costs of electricity increased a lot there.
I'd say electricity costs will go up first (because of high investments) and then will decrease. |
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Countries with sunny deserts do get an economic edge on this one though compared to overcast, densely populated countries http://www.bloomberg.com/news/articles/2015-01-15/acwa-power...
But there's no turning back - once the newcomer into space gets a massive economic advantage by having access to cheap energy, they attract industries that are relying on cheap energy, and soon those market participants overrun their competitors whose cost structure includes higher energy costs.