But are consumers seeing this feed through to their power bills?Ĭurrently, the majority of global operating capacity is in regulated markets. Carbon Tracker’s own research has shown that renewable power sources are cheaper today on average worldwide than new coal and gas plants. Much has been made of the impressive cost reductions in solar PV and wind power to date. Regulated power markets block access to renewable energy
The shift is starting a mini energy revolution in the state of Nevada as more consumers catch on. It appears a growing number are no longer willing to rely on public utilities, preferring instead to negotiate their own power supply to take advantage of cheap and abundant solar. What have Las Vegas casinos got in common with tackling climate change and transitioning to a low carbon economy? More than you think.
