A key claim of the green energy movement has long been that the intermittent “Renewables” – wind and solar – provide the cheapest form of energy.
Climate alarmists fail to include the cost of energy storage and/or backup, the costs of overbuilding, and the costs of additional transmission.
Although voters in Europe may not be using complex spreadsheets showing costs, they have noticed skyrocketing energy bills.
In the UK the costs of “Green” energy are starting to change the “Net zero” debate.
The advocates say, just build enough wind turbines and solar panels, convert all use of energy to electricity, and sit back and enjoy a future of affordable energy without adverse environmental consequences.
In support of his position, Dessler used as his main metric the Levelised Cost of Energy as published by investment bank Lazard.
These dominant costs are the costs of energy storage and/or backup, the costs of overbuilding, and the costs of additional transmission.
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