In some markets, this generation method is actually displacing more
costly grid electricity.
Not exact matches
Here's what happened: For the first century of the
electricity business, the power plants were
costlier and less reliable than the
grid, so it made sense to build a bunch of big power plants backing each other up through the
grid.
And it would make
electricity grids unstable, leading to more frequent and widespread,
costly and often fatal, brownouts and blackouts — events mercifully rare in wealthy countries but all too familiar to billions of people living in countries without comprehensive, stable electric
grids supplied by stable fossil or nuclear fuels.
Nevertheless, it does happen, and when it does, these flares can cause
costly damage to electric circuits,
electricity transmission
grids and other systems vulnerable to such storms.
However, low natural gas prices, increasingly affordable renewable technologies and
grid improvements, declining demand for
electricity, and
costly age - and safety - related power plant repairs have led to some nuclear reactors being retiring abruptly, with little or no advance planning.