In recent years, we have witnessed drastic changes in energy prices affecting households and
businesses around the world. This fluctuation, often unpredictable and volatile, has generated
concern and difficulties in planning household and business budgets.
However, there is growing evidence that there is a promising solution to end this uncertainty:
a strong renewable energy strategy. In this article, we will explore how the transition to
renewable energy sources can provide long-term stability and benefits without worrying about
energy prices.
Challenges of changes energy prices.
The costs of fossil fuels, such as oil and natural gas, have been notoriously volatile in recent
years. Two weeks after the start of the war in Ukraine, on March 8, 2022, Spain recorded an
all-time high in the price of electricity, reaching 545 euros/MWh.
It is clear that geopolitical factors, supply and demand, and other cyclical circumstances can
cause energy prices to soar or plummet, creating uncertainty for consumers and businesses. In addition, these fossil fuels are finite, and their availability decreases over time, which will
eventually lead to a steady increase in cost.
Stability of renewable energies
Unlike fossil fuels, renewable energies, such as solar, wind, hydroelectric and geothermal, are
inexhaustible and clean sources of energy. Therefore, they do not depend on geopolitical
factors or resource scarcity, which provides greater stability in energy prices.
Once the necessary infrastructure is in place, renewable energy generation has relatively low
operating and maintenance costs, making prices more predictable and stable.
Economic and environmental benefits
In addition to greater stability, the transition to renewable energy also offers a number of
economic and environmental benefits:
- Combat climate change: generating energy from renewable sources helps to reduce
greenhouse gas emissions and combat climate change. This is essential to protect our
planet and ensure a sustainable future for future generations. - Job creation: investment in renewable energies drives job creation in the clean energy sector,being one of the most optimistic sectors in terms of summer hiring intentions,
with a net projection of 31%, and a net projection of 34%, in terms of job creation. As
renewable technologies and infrastructures develop, jobs are generated in the
installation, maintenance, and operation of these facilities. This not only benefits local
economies, but also promotes innovation and economic growth globally.
The need for government policies and support
In order to achieve a successful transition to renewables and put an end to drastic changes in
energy prices, it is essential to have the right policies and government support in place.
Governments should establish clear regulatory frameworks that encourage investment in renewable energy, provide fiscal and financial incentives for the adoption of clean
technologies, and promote research and development in this field.
In addition, it is essential to promote education and public awareness of the benefits of
renewable energy. By encouraging consumers and businesses to opt for sustainable energy
sources, we can accelerate the transition and build a more stable and sustainable energy
future.
Unpredictable changes in energy prices represent a challenge. However, by committing to
renewable energy, we can put an end to this uncertainty. Join Ekhi to make a difference and
leave a positive legacy for future generations.
