Stable Prices

Renewable energy can help stabilize energy pricing. The cost of renewable energy is related mostly to the repayment of invested capital and is not dependent on the fluctuating and increasing cost of an international resource such as oil or uranium. Because renewables have low environmental and health impacts, future financial liabilities are also eliminated.

This is important given the volatile crude oil prices and the instability of prices in the natural gas and deregulated electricity markets.

Many governments and businesses are therefore increasing the fraction of energy they purchase from renewable sources not only as a socially responsible gesture but as a hedge against high energy prices.

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