…but saves considerably on heat pumps.
In a conventional central-station power system, with fuel-burning power plants close to the load, it's common for transmission and distribution to account for 60% of the cost of supplying the kilowatt-hour to the consumer. Renewables require far more T&D, even before we consider storage schemes. This implies that, even if renewables were completely free at the source, they would supply power at a higher price to the consumer…
(cont'd)