Progress of renewable electricity replacing fossil fuels
Journal article, 2018
Abstract: Dramatic fall in costs of renewable energy in the last 24 months has not only accelerated the replacement of fossil fuels by renewable energy in electricity generation. The low cost renewable electricity is now starting to replace fossil fuels in other sectors.
One reason is that renewable electricity is now cheaper per unit energy than oil, about the same price as fossil methan but, still, more expensive than coal. Another reason is that electricity often offer other opportunities, such as cheaper transport, better control, higher energy efficiency in final production of energy services and lower local environmental costs.
Fossil fuel substitution