Fri. Aug 23rd, 2019

A humorous factor occurred on the way in which of renewable vitality "crushing" pure fuel

David Middleton's Visitor Excelling

Yearly since at the very least 2014, the US Vitality Info Administration points a report entitled Standardized Price and Standardized Price Prevented Subsequent Technology Assets as a part of their annual Vitality Outlook. I've gone via each report since 2014 and constructed an Excel spreadsheet to assessment the adjustments from one yr to the subsequent. What I discovered was a hilarious fracture.

I particularly examined the discounted common price of electrical energy (LCOE) for 5 (5) manufacturing sources:

Superior Mixed Pure Fuel Cycle Superior NuclearSolar PVWind – OnshoreWind – Offshore

The foreign money and yr of commissioning are proven on every line. The annual report offers an estimate of the common price of energy vegetation coming into service within the close to future in US dollars. I additionally included the outlook for 2040 that appeared on this yr's report, though it's a wild guess – @ $ ed.

LCOE by supply of vitality

Superior Mixed Cycle with Pure Fuel

Who else is shocked by the truth that the capital prices of the mixed cycle with pure fuel have been reduce in half since 2014?

Nuclear superior

Look my, no subsidy! If nuclear energy have been backed like photo voltaic and wind … we’d have already changed coal with pure fuel and nuclear energy.

Photo voltaic Photovoltaic

Regardless of all of the technological advances, photo voltaic photovoltaic nonetheless doesn’t work in 70% of circumstances.

Wind – Onshore

Not dangerous … when the wind blows.

Wind – Offshore

Ron White would say …

Comparisons of the full LCOE system

With out subsidies, the most affordable in fats With subsidies (primarily the funding tax credit score), the most affordable in fats

LCOE in% of the cycle mixed with pure fuel at superior cycle

With out subsidies, the most affordable in fats With subsidies (primarily funding tax credit score), the most affordable in fats

With the funding tax credit score ( CTI) and the Manufacturing Tax Credit score (PTC), the wind barely exceeded pure fuel for three days years.

LCOE graphs

With out subsidies With grants

Any questions?

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