Get access to global coverage at an exclusive 20% discount at https://economist.com/moneymacroFurther reading mentioned in video: Goodbye oil: https://www.ec…
Could you kindly fuck off
Immediate disregard.
To me that mostly means free or cheaper than zero electricity during peak time. That’s going to cause a total shift of mentalities as many “too inefficient” things will become a possibility.
I’ve wondered about this too but it depends on how the utilities choose to structure pricing. Traditionally, negative energy prices have mainly existed in the wholesale market, not for individual energy consumers. But if that situation becomes more common, there may be incentives to adjust pricing structures.
That said, it utilities stand in the way and solar becomes cheap enough, it might start to make sense for energy-hungry customers who have the space to just build out their own system on site.
I am really hoping this can be a game changer for desalination because water shortages are already a major issue in arid places and those problems are not getting better any time soon.
Nuclear is the only real green energy. Solar is too dependent on China and Russias lack of empathy for its citizens
Nuclear is centralized, so it’s not great for energy security. It also relies on the organization running the reactor and securing waste to be run effectively, not cutting corners for the sake of efficiency/profit. It has all of the same problems with mining and manufacturing solar does, so it doesn’t win there either.
