What Determines Your Business' Electricity Pricing & How Renewables Can Lower Costs
Have you ever wondered how your energy prices are set and why they may get so high? Allow us to introduce you to a concept called the generation stack. Understanding the generation stack is key to fully grasping how the electricity market sets the energy prices that wind up on your monthly energy bill.
The "generation stack" serves as a lens to view the impact of various technologies, i.e., nuclear or renewable energy, on the price of electricity. Each type of generation plays a significant role in shaping the cost of energy production (by reducing it in most cases).
Below, Catalyst Power CEO Gabriel Phillips breaks down the generation stack to demonstrate how renewables can reduce the cost of electricity for everyone.
