Originally Posted By: SHOZ
The average increase in prices between the 20 states that had the most investment in renewable energy was 4.3 percent, when comparing the average from 2010 to 2015 with the average over the last 18 months. However, for the 20 states that had the least investment in renewable energy, the average increase was 4.6 percent.**
Therefore, the impact of renewable energy on the price of power appears to be statistically insignificant. Sticking with fossil fuels has not been a pathway to lower energy prices. And this result challenges critics’ assertions that renewable energy is simply too expensive, while fossil fuels will maintain reliable, inexpensive electricity prices.
Again...while a subsidised disruptive energy source (displacing generation in an oversupplied market (oversupplied as there's enough traditional energy to meet needs, these additional generators provide the oversupply)), they are "competetive", and displace traditional generation.
When they displace enough traditional generation, then the renewables will have to do the heavy lifting.
A fully renewable economy will need 3-4 times the nameplate rating of wind/solar for every MW of traditional technology that they displace to harvest the same amount of energy in a 24 hour period...that's simple math, 25% capacity factor versus 90+...
Then it needs to be stored somehow for time of use...Li-tech is $250/MWh round trip lifecycle cost even if it's charged for free...5 times current wholeseale prices.
Simple math really.
The average increase in prices between the 20 states that had the most investment in renewable energy was 4.3 percent, when comparing the average from 2010 to 2015 with the average over the last 18 months. However, for the 20 states that had the least investment in renewable energy, the average increase was 4.6 percent.**
Therefore, the impact of renewable energy on the price of power appears to be statistically insignificant. Sticking with fossil fuels has not been a pathway to lower energy prices. And this result challenges critics’ assertions that renewable energy is simply too expensive, while fossil fuels will maintain reliable, inexpensive electricity prices.
Again...while a subsidised disruptive energy source (displacing generation in an oversupplied market (oversupplied as there's enough traditional energy to meet needs, these additional generators provide the oversupply)), they are "competetive", and displace traditional generation.
When they displace enough traditional generation, then the renewables will have to do the heavy lifting.
A fully renewable economy will need 3-4 times the nameplate rating of wind/solar for every MW of traditional technology that they displace to harvest the same amount of energy in a 24 hour period...that's simple math, 25% capacity factor versus 90+...
Then it needs to be stored somehow for time of use...Li-tech is $250/MWh round trip lifecycle cost even if it's charged for free...5 times current wholeseale prices.
Simple math really.