The economic realities of wealthy countries, and for developing economies, are that they require the security of an electricity supply at the most cost-effective possible prices to develop their electricity-intensive goods-producing industries.
Societies can raise their economic growth rates and living standards in a modern competitive global economy. Producing continuous and uninterruptable electricity at the lowest, most efficient, cost-effective price with the security of supply is the biggest employment-generating decision developing country policymakers can make.
Interestingly, the three primary objectives of developing countries are poverty alleviation, reducing inequality, and raising standards of living. These objectives can only be achieved by maintaining a high rate of economic growth, thereby reducing levels of unemployment and raising the standard of living. Electricity is a necessary but not a sufficient condition for economic growth.
Electricity must be controlled and available on demand by society. Of the six electrical generation methods, occasionally generated electricity from wind and solar, have severe demand limitations when compared with the reliable, continuous, and uninterruptable electricity from hydro, nuclear, coal, and natural gas power plants.
If electricity generation is intermittent, variable, or unreliable like wind and solar,........