How does renewable energy impact energy prices?
Renewable energy can lower energy prices by increasing supply and reducing reliance on fossil fuels.
Can you explain how it reduces reliance on fossil fuels?
Sure! As more renewable sources like wind and solar are used, the demand for fossil fuels decreases, which can lower their prices.
Are there any negative effects on energy prices from renewable energy?
Yes, initially, the transition to renewable energy can lead to higher prices due to infrastructure costs, but these often stabilize over time.
What about government policies? Do they affect energy prices?
Absolutely! Government incentives for renewable energy can lower costs and encourage investment, which can help reduce overall energy prices.
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