Why is renewable energy more cost-effective than fossil fuels?
Written by Wattcrop team.
Renewable energy has become increasingly popular over the past few years, and for good reason. Not only is it more sustainable for the environment, but it’s also cheaper than fossil fuels. In this article, we’ll explore why renewable energy is cheaper than fossil fuels.
Low operational costs
Renewable energy sources such as wind, solar, and hydro are low-cost to operate because they do not require fuel. Fossil fuel power plants, on the other hand, require fuel such as coal, oil, and natural gas, which can be expensive to extract, transport, and store. The cost of fuel can also fluctuate, which can make it difficult to predict operating costs. Renewable energy sources, on the other hand, have no fuel costs, making them more predictable and less volatile.