Also, imagine that we end up with extremely cheap electricity. I foresee gross "waste" - such as no-one any longer caring about insulation. Heating every room of the house - and the patio - regardless.
I don't think we will ever see extremely cheap electricity even if fusion turns out to be extremely successful. Do you remember what they used to say about nuclear energy, it would be so cheap they would be virtually giving it away. This kind of rubbish comes from politicians who have no idea about engineering and don't understand what goes into the pricing of energy units.
Here are just a few thoughts on why electrical energy will never be really cheap. The over head cables and insulators that carry the electricity need replacing after about 40 years, the pylons need replacing after about 80 years. Maintenance is needed on the transformers and switchgear all the time. Weather causes breakdowns, people digging up roads go through underground cables. Loans have to be paid to investors that stump up the money for power stations.
I think over the long term and by that I mean in around a 100 years time provided WWIII hasn't happened then there is a reasonable chance fusion power together with re-newables will be how most electricity is produced around the world.
I think I would rather see the profits from Shell and BP going into research on something like this rather than given to share holders of those companies in dividends and an increase in share price (full disclosure I do hold shares in both these companies as they are part of some of the funds I invest in).