Posted by u/lughnasadh
South Australia is a glimpse of the rest of the world's future. As it nears 100% renewable energy, electricity prices are plunging, down 30% in one year. Over 50% of homes have rooftop solar, and many use little or no grid electricity.
Sick of expensive gasoline and overpriced gasoline cars? Not only are EVs getting cheaper than gas cars (and still have years of economy-of-scale price reductions ahead), but paired with renewables, their fuel source is getting ever cheaper, too. This is how the fossil fuel industry will die. The alternatives will just keep getting cheaper and cheaper. In a few years' time, it will be obvious to everyone that only spendthrift fools will be choosing gasoline-powered cars. This state’s power prices are plummeting as it nears 100% renewables - South Australia is proving to the world that relying largely on wind and solar energy with battery back-up is incredibly cheap, with electricity prices tumbling by 30 per cent in a year and sometimes going negative
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