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No. Worldwide, about 20% of electric power is hydro. In the 1940s and 1950s, the cost of fossil fuels was so cheap that hydro was not competitive, but since the 1970s, the costs of fossil fuels have risen, so hydro is economically attractive.

Today, hydroelectric power is the single largest source of renewable energy. Of all renewable sources, hydro accounts for 97% of the energy produced, while wind, solar, geothermal and biomass combined are only 3%.

The only problem is that hydro doesn't have much potential for growth. Most of the good large dam sites have already been developed.

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Q: Do the costs of hydroelectricity make it prohibitive for common use?
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