The levelized cost of electricity was, for decades, an honest method for comparing the cost of electricity generated by different methods.
With the advent of wind and solar generation, there has been a continuing effort to demonstrate they are competitive with coal, natural gas and nuclear power plants.
Continue reading Distorting the Levelized Cost of Electricity
…From the Horse’s Mouth… When analyzing comments made by people, it’s very important to go to the source document to be certain the person is being quoted accurately. In my view, and that of others, several RTO/ISOs have created an Continue reading From the Horse’s Mouth
…Picking and Choosing… It’s been interesting to read all the glowing stories about how renewables are competitive with coal and natural gas power plants. Here is a headline from Forbes: “Production Cost Of Renewable Energy Now ‘Lower’ Than Fossil Fuels” Continue reading Picking and Choosing
…Misleading Costs for Wind and Solar?… Recently the media has reported that wind and solar were competitive with coal and natural gas for generating electricity. The Wall Street Journal, for example, published an article with a headline, Economic impact of Continue reading Misleading Costs for Wind and Solar?
In the past, farmers had to save enough corn from the current year’s crop to provide the seed for next year’s crop. Today, large companies, such as Monsanto, produce the seed corn that’s sold to farmers for each new crop. Continue reading Wind Power, Eating the Seed Corn
Levelized cost of electricity (LCOE) is what excites engineers and economists, and bores most other people, but can have profound effects on Americans. The Energy Information Administration (EIA) publishes LCOEs for various methods of generating electricity, such as for coal Continue reading Boring, But Important LCOEs