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Renewables are Disruptive to Coal and Gas

posted by martyb on Sunday May 24 2015, @08:12PM   Printer-friendly
from the price-of-sunlight-and-wind-is-pretty-constant dept.

An Anonymous Coward writes:

Over the last 5 years, the price of new wind power in the US has dropped 58% and the price of new solar power has dropped 78%. Utility-scale solar in the West and Southwest is now at times cheaper than new natural gas plants. Even after removing the federal solar Investment Tax Credit of 30%, a recent New Mexico solar deal is priced at 6 cents / kwh. By contrast, new natural gas electricity plants have costs between 6.4 to 9 cents per kwh, according to the EIA.

 
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  • (Score: 2) by Joe Desertrat on Tuesday May 26 2015, @02:21AM

    by Joe Desertrat (2454) on Tuesday May 26 2015, @02:21AM (#187831)

    Competition is not considered to be a good thing if established big businesses are taking a beating. Then the laws must be changed to stifle competition.

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