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.