• Opening Times: Mon - Fri 8:30am - 4:00pm, Sat by Appointment
1-758-453-0333 info@sollucian.com
PO Box CP 5507 Rodney Bay

Price Competitiveness

BENEFIT 1

PRICE COMPETITIVENESS

https://sollucian.com/wp-content/uploads/2017/07/july03-570x380.jpg

Gas, fossil fuels and other energy alternatives each with their unique advantages, collectively pose a threat to power plant operators and end users: volatility and insecurity of price. The price of gas fluctuates across regions and, for fossil fuels, in a cyclical fashion.

Renewable energy prices on the contrary have been continually decreasing, with the most significant price drop being observed in solar – 80% over the last seven years. We have also seen prices for onshore wind drop by 25%, while offshore wind starts to show a decrease as well.