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
Renewable are finance over a twenty year period so rate payers have to pay for that. About 50% of your rate is to pay for the distribution and transmission so that’s not going away. Right now the price of natural gas is high because of demand for LNG from Europe. Maybe in about ten years from now you may start to see decrease in your electric utility bills.
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