cross-posted from: https://feddit.online/c/tech@piefed.world/p/2033162/the-opportunity-for-heat-pumps-to-put-downward-pressure-on-electricity-rates
cross-posted from: https://feddit.online/c/tech@piefed.world/p/2033162/the-opportunity-for-heat-pumps-to-put-downward-pressure-on-electricity-rates
Bit of a silly article, Its premise is that demand doesnt increase cost for electricity because between 1980 and 2000 demand increased by 70% and price didnt rise (inflation adjusted). But it doesnt mention that oil prices were at their peak in 1980 and then fell by more than 70% over the next two decades.
So its hardly surprising that prices didn’t rise despite the growth in demand.