>and the price of electricity is plummeting thanks to renewables.
Not according to sources I can find. EIA forecasts for the long term project continued increases through 2050 [1] Maybe in locations elsewhere in the world? Or specific states in the US? Certainly not where I live, which is aggressively pursuing renewables and despite this prices continue to increase, and were doing so before the spike in natural gas prices.
Good point, I missed that. But that is still very far from plummeting. It’s a very gradual decline that assumes inflation stays above 2% (though that is probably a reasonable assumption)
I hope they will plummet, I just don’t see much pointing in that direction right now.
Not according to sources I can find. EIA forecasts for the long term project continued increases through 2050 [1] Maybe in locations elsewhere in the world? Or specific states in the US? Certainly not where I live, which is aggressively pursuing renewables and despite this prices continue to increase, and were doing so before the spike in natural gas prices.
[1] https://www.eia.gov/outlooks/aeo/data/browser/#/?id=1-AEO202...