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Why overhead lines are far cheaper than underground cables for long distances and less economical for short distances?

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Why overhead lines are far cheaper than underground cables for long distances and less economical for short distances?

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First of all, the overhead lines are cheaper because they are bare, while underground cables are armoured and insulated, hence explaining the higher price. Overhead cables come of course with accessories like poles and insulators (mostly porcelain). For shorter distance, underground cables are preferred as the cost of pole erection does not exist.

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