wind+storage 2.1 ¢/kWh, solar+storage 3.6 ¢/kWh

Update, 2018-01-16

Vox has a widely acclaimed update to this story.

(rubbing hands gleefully)

Utility scale bids at Xcel Energy had median prices of 2.1 ¢/kWh for wind-with-storage, and 3.6 ¢/kWh for solar-with-storage.

Hat tip to Utility Dive.

In U.S. Energy Information Administration projections for 2020, the price per kWh of natural gas advanced combined cycle is 6.9 ¢/kWh and a spot price from CenterPoint Energy for commercial applications has it at 6.02 ¢/kWh (Minnesota).

To paraphrase the late Supreme Court Justice Antonin Scalia, fossil fuels for generating electricity are dead, dead, DEAD!.

And I delight in contemplating the days arriving soon when natural gas, oil, and coal, their pipelines and their shipping, are stranded assets. I’ve written about this often.

About ecoquant

See Retired data scientist and statistician. Now working projects in quantitative ecology and, specifically, phenology of Bryophyta and technical methods for their study.
This entry was posted in American Petroleum Institute, American Solar Energy Society, Amory Lovins, Bloomberg New Energy Finance, BNEF, bridge to somewhere, Buckminster Fuller, Cape Wind, Carbon Worshipers, clean disruption, CleanTechnica, climate economics, corporate litigation on damage from fossil fuel emissions, Cult of Carbon, decentralized electric power generation, decentralized energy, destructive economic development, distributed generation, economics, electrical energy storage, electricity, electricity markets, energy storage, energy utilities, FERC, Green Tech Media, ILSR, investment in wind and solar energy, Joseph Schumpeter, leaving fossil fuels in the ground, local generation, local self reliance, marginal energy sources, Massachusetts Clean Energy Center, microgrids, natural gas, petroleum, pipelines, public utility commissions, PUCs, rate of return regulation, regulatory capture, solar democracy, solar domination, solar energy, solar power, Spaceship Earth, stranded assets, sustainability, the energy of the people, the green century, the value of financial assets, Tony Seba, tragedy of the horizon, wind energy, wind power, zero carbon. Bookmark the permalink.

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