Affordability, Not Volatility: Renewables' Cost Advantage Grows

Affordability, Not Volatility: Renewables' Cost Advantage Grows

Affordable electricity is a major concern around the world. In the past year, wholesale electricity prices in the United States and Europe have risen by 30–40 percent — and while consumer costs include other factors, US homes have seen a similar rise in the price they pay over the past five years. As the world navigates a new age of electricity load growth, cutting costs is paramount. But comparing the United States with the rest of the world, e…