“Going back a long way we realized that because electrification is financed at fixed costs into the future, and fossil fuels exhibit not only price volatility but inflation, that electrication can be anti-inflationary. If you buy and finance solar today your energy costs stay fixed 20 years into the future. Same with your electric vehicle and water heater and stove. This is part of the economic savings of going all electric.”
“Doing something with lower cost has traditionally been called higher economic productivity, and the case is now overwhelmingly closed, that for large portions of economies, basically everything apart from heavy industry, electrification is more economically productive.”
“Replacing petrol and gas with electricity will nearly triple the demand on our electricity system. Fortunately, our electricity systems can move a lot more energy – we just need to maximise demand at the right times, and use storage spread throughout our homes and neighbourhoods. Instead of expensive upgrades to powerlines to serve occasional peak bursts, EVs and hot water can soak up solar during the day, and batteries can ‘smooth’ our electricity usage with charging and discharging. The more we can make, store and use electricity close to where it’s needed, the less we need to add to the electricity grid.”
Thanks Francis Vierboom! Great article
