Right. So their assertion that expectations of future regulation is going to bring down the price is preposterous.
Correct!
‘expectations of future regulation’ was a driver for ‘growing robustly’, not ‘come down in price’. People (Dem’s) invested believing that when fossil fuels were made cost prohibitive through carbon taxes, etc., the alternative energy companies would clean up. Mostly they’re just PO’d now ‘cause they threw their money down a manure shoot since cap and trade isn’t likely to pan out. That’s why we call it risk, right? ;)
As far as price coming down, that’s a moral victory at this point. I don’t think coal or natural gas are feeling price competition from ANY green energy.
Not preposterous from their POV.
My electricity cost is about .12 kwh. Natural gas, probably.
If the government subsidized solar power at .75, then they might be able to sell it to me at .12.
Of course, total cost is still .87, but if you squint your eyes and look at it sideways it just became competitive with gas.