Spain’s renewables build-out has structurally decoupled its electricity prices from gas markets.
Gas now sets the price in only 15% of hours, compared to 90% in Italy.
Countries that invested early in clean power are far less exposed to fossil fuel price shocks.
I was thinking about this today. It would certainly serve petroligarchs if renewables were paused and a war that only affects petrol supplies happened. Didn’t get much farther than that because of an entitlement tantrum.