Global energy investment to reach record US$3.3-trillion, IEA says

[chuckChuck]

Europe is not one market. And prices for energy and electricity have always been higher in much of Europe

There are numerous countries that have different policies and market conditions.

Higher gas prices because of Russia drove energy prices much higher in some cases.

Older contracts for older renewables and many factors drove prices higher.

Prices for renewables have come down a lot from a decade ago.

So you need more than a coffee shop analysis to know why.

[shtferbrains]

Europe is not one market. And prices for energy and electricity have always been higher in much of Europe

So you need more than a coffee shop analysis to know why.

Maybe you need more than a CBC or G&M analysis?

Europe is collapsing faster than Mark Carney can spin it as the perfect trade patner.

Widely referred to as " de- industrializing".
Why would any country look at that mess and think it was a good model to duplicate?

[shtferbrains]

The EU shit canned their CBAM climate tariff plan as it's obvious their economy is in free fall and can't support any more of the virtuous leadership dreams.
CBAM is an integral part of Carney's plan to make Canada the strongest economy in the G7.
The scam is carbon tax all industries but keep them competitive by tariffing imports with CBAM.
EU was the only like minded trading partner.

Now Carney is basically the chicken running around with his head chopped off

We are his last chance to prove his climate cartel plan was a valid option but now there is no one on earth left to play the game.

[furrowtickler]

You should just give up Chuck
repeating yourself does not make it correct lol

[fjlip]

Say it to yourself, don't bother typing to all of us....

[chuckChuck]

[url]https://www.bbvaresearch.com/en/publicaciones/spain-more-renewables-to-continue-lowering-costs/[/url]

Spain | More renewables to continue lowering costs

Summary

The increased penetration of renewable energies in Spain, especially solar and wind, has reduced wholesale electricity prices by 20% in the last three years and could cut them by a further 20% by 2030 if the ambitious PNIEC targets are met.

Key points

• Renewables contribute to lower electricity prices despite their dependence on weather conditions and the current lack of energy storage.
• From 2021 to 2024, the remarkable 20 percentage point increase in the share of renewables, driven by solar and wind, reduced wholesale electricity prices in Spain by almost 20%.
• Lower energy prices have reduced the unit revenues of solar and wind, especially in the case of solar. However, there is no clear evidence that lower energy prices are deterring investment in renewables (a phenomenon called ‘cannibalisation’).
• Looking ahead, meeting the ambitious PNIEC targets could reduce prices by another 20%.

[fjlip]

After all the reductions, probably prices equal to Nat Gas generators...

[furrowtickler]

[url]https://www.bbvaresearch.com/en/publicaciones/spain-more-renewables-to-continue-lowering-costs/[/url]

Spain | More renewables to continue lowering costs

Summary

The increased penetration of renewable energies in Spain, especially solar and wind, has reduced wholesale electricity prices by 20% in the last three years and could cut them by a further 20% by 2030 if the ambitious PNIEC targets are met.

Key points

• Renewables contribute to lower electricity prices despite their dependence on weather conditions and the current lack of energy storage.
• From 2021 to 2024, the remarkable 20 percentage point increase in the share of renewables, driven by solar and wind, reduced wholesale electricity prices in Spain by almost 20%.
• Lower energy prices have reduced the unit revenues of solar and wind, especially in the case of solar. However, there is no clear evidence that lower energy prices are deterring investment in renewables (a phenomenon called ‘cannibalisation’).
• Looking ahead, meeting the ambitious PNIEC targets could reduce prices by another 20%.

“Could” …… lol

[shtferbrains]

Lowering cost as they always have

[shtferbrains]

Spain's cheapest power needs protection from high priced nuclear?