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We already know that hydroelectricity is one of the most widely-used renewable natural resources in North America. And while there are a number of factors that make it popular, including the fact that it is renewable, one of the main reasons is that hydro is also economical.
Think about it. Because it relies only on the power of moving water—and not some type of fuel—there are no price fluctuations to consider.
And while it’s expensive to build the infrastructure, hydroelectric projects have long lifetimes (on average 50-100 years) and are relatively easy to maintain.
>According to the Center for Climate and Energy Solutions, hydropower is considered to be relatively inexpensive to operate – with generation costing between 2 to 4 cents per kilowatt hour.
At the end of the day, the many millions of consumers who get their electricity from hydro benefit from low electricity costs, making it an economical source of energy.
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In the world's conversation about energy, one point is beyond debate: Energy makes a vital contribution to people's quality of life, to society and to human progress. This is true today, and it will remain true in the future. That's why Energy Matters was created. We believe it's important to equip people with unbiased information so they may form opinions, join the conversation and feel confidence in the work and accomplishments of the energy sector. Energy Matters is an initiative that provides transparent information and perspective on energy. Here, we'll cover a range of topics: the scale of global energy; the ways energy is sourced and produced; current energy technology; forthcoming innovations; the world's future energy needs; and the sustainable sources of energy that will fill them. Because energy matters to everyone, we hope you'll rely on Energy Matters as an ongoing source of balanced information.
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