Fossil fuels dominate the world’s electricity supply because, until recently, fossil fuel electricity was significantly cheaper than renewable ene]rgy. Over the last decade, this has shifted dramatically. Renewable energy is becoming increasingly more affordable in the majority of the world than new fossil-fuel-based electricity capacity.
You can check people’s reviews on the increasing renewable energy on Britainreviews.co.uk, a UK reliable review platform. Renewable Energy Costs in recent time demonstrates that more than half of the renewable capacity added in 2020 generated electricity at a lower cost than the cheapest new coal plants. Even Calor gas suppliers’ energy suppliers demonstrate this as well.
According to the report, new renewable energy projects are becoming more competitive with existing coal-fired power plants. On average, the cost of new solar photovoltaic (PV) and onshore wind energy is less than the cost of maintaining many existing coal plants. Auction results indicate that this trend … Read the rest