ELI5/ Why is the cost of electricity constantly increasing despite the increasing amount of renewable and green energy?

Question

I understand there is installation, maintenance and servicing costs, but shouldn’t the free power from the sun, wind and tidal eventually pay this off and start providing free power?

In: Engineering

Answer 1

Where I live, energy generation is dominated by renewables and the price of electricity has GONE DOWN inflation adjusted since 2018. The government-documented price for heating a home with natural gas has GONE UP by 70% including inflation since 2018.