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Utilities Scramble To Catch Up With Stunning Fall In Renewable Energy Costs

Original story at CleanTechnica• 4 mentions • 5 days ago

October 12th, 2017 by Guest ContributorOriginally published on RenewEconomy by Tim Buckley Renewable energy is disrupting electricity markets worldwide. The pace of this change has surprised almost everyone, and indeed would have been difficult to imagine just a few years ago. From Europe to Asia, from the Americas to Africa, wholesale electricity prices are being pushed down by the rise of renewable generation, which has no fuel costs, a disruptive zero marginal cost of production and whose developers can now consistently outbid fossil fuel-based generation. IEEFA has released a new report that documents the gathering momentum of this trend, and ...