this post was submitted on 26 Nov 2023
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Portugal Runs on 100% Renewables Dropping Consumer Electric Bills to Nearly Zero for 6 Days in a Row (www.goodnewsnetwork.org)
submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world
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Portugal Runs on 100% Renewables Dropping Consumer Electric Bills to Nearly Zero for 6 Days in a Row::In total, there were 149 hours of total renewables generation, 95 of which saw the Portuguese grid exporting to Spain

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[–] eek2121@lemmy.world 20 points 11 months ago (1 children)

Our electric company charges 25% more for renewables.

[–] Szymon@lemmy.ca 31 points 11 months ago (2 children)

Ah, the old "I'm sucking your money tit as long as I can while my industry dies and I refuse to innovate with my profits" tax.

[–] LemmyIsFantastic@lemmy.world 1 points 11 months ago (3 children)

There research and infrastructure costs. It's not like it's free.

[–] Szymon@lemmy.ca 5 points 11 months ago* (last edited 11 months ago) (1 children)

Thats the "refuse to innovate with my profits" part I said

[–] LemmyIsFantastic@lemmy.world -2 points 11 months ago (2 children)

And? It still is going to cost money.

[–] fushuan@lemm.ee 3 points 11 months ago

Companies have obtained tons of public money for research, then charge extra for the research investment. Its a joke.

[–] Szymon@lemmy.ca 2 points 11 months ago* (last edited 11 months ago)

Correction, it has already cost us money, except the people receiving it were not responsible with the money.

[–] Knusper@feddit.de 4 points 11 months ago (1 children)

I constantly hear about or see data that solar and wind power are quite a bit cheaper than other methods by now.

[–] LemmyIsFantastic@lemmy.world -1 points 11 months ago (1 children)

Still costs money. It's never going to be free.

[–] Knusper@feddit.de 3 points 11 months ago

Well, in the short-term, yeah. But for the mid- to long-term, it's quite a traditional investment. Pay some money now to build renewables and decommission coal power plants, but eventually break even, because the running cost per kWh produced is quite a bit lower.