Renewable hydro is the lowest cost electricity source in Canada by far.
Manitoba and Quebec have the lowest electricity rates in Canada and in North America.
And they are also increasing in price.
So any suggestion that new renewables should "reduce" the retail cost of electricity is absurd.
That's not going to happen when generation makes up only a portion of the system costs!
North Dakota has a lot of wind energy. But their electricity prices are relatively speaking on the lower end.
As of January 2025, the average price of residential electricity in North Dakota was 12.07 cents per kilowatt-hour ($0.1207/kWh).
"EU electricity consumers are expected to save an estimated EUR 100 billion during 2021-2023 thanks to additional electricity generation from newly installed solar PV and wind capacity. Low-cost new wind and solar PV installations have displaced an estimated 230 TWh of expensive fossil fuel generation since Russia’s invasion of Ukraine, leading to a reduction in wholesale electricity prices on all European markets. Without these capacity additions, the average wholesale price of electricity in the European Union in 2022 would have been 8% higher."
[url]https://www.iea.org/reports/renewable-energy-market-update-june-2023/how-much-money-are-european-consumers-saving-thanks-to-renewables[/url]
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Manitoba and Quebec have the lowest electricity rates in Canada and in North America.
And they are also increasing in price.
So any suggestion that new renewables should "reduce" the retail cost of electricity is absurd.
That's not going to happen when generation makes up only a portion of the system costs!
North Dakota has a lot of wind energy. But their electricity prices are relatively speaking on the lower end.
As of January 2025, the average price of residential electricity in North Dakota was 12.07 cents per kilowatt-hour ($0.1207/kWh).
"EU electricity consumers are expected to save an estimated EUR 100 billion during 2021-2023 thanks to additional electricity generation from newly installed solar PV and wind capacity. Low-cost new wind and solar PV installations have displaced an estimated 230 TWh of expensive fossil fuel generation since Russia’s invasion of Ukraine, leading to a reduction in wholesale electricity prices on all European markets. Without these capacity additions, the average wholesale price of electricity in the European Union in 2022 would have been 8% higher."
[url]https://www.iea.org/reports/renewable-energy-market-update-june-2023/how-much-money-are-european-consumers-saving-thanks-to-renewables[/url]
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