From Institute Of Energy Research

As the chart shows: the average LCOEs from existing coal ($41), cc gas ($36), nuclear ($33), and hydro ($38) resources are less than half the cost of new wind resources ($90) or new PV solar resources ($88.7) with imposed costs included.

Tom Pyle, President of the Institute for Energy Research stated:
“This study illustrates why foolish policies like the Green New Deal and 100% renewable mandates would harm our economy and significantly raise the cost of electricity for American households. Shifting our electricity generation away from existing affordable and reliable plants to expensive and intermittent wind and solar would substantially increase energy costs for businesses and families. This study provides a necessary reality check for anyone making decisions about America’s electricity policy.”
Michelle Bloodworth, President and Chief Executive Officer of the American Coalition for Clean Coal Energy (ACCCE) said:
“This new study is unique because it provides an apples-to-apples comparison of existing and new electricity sources. The study shows that policymakers should carefully consider levelized costs when decisions are being made to retire coal-fired power plants because replacing them with gas, wind or solar could be a bad economic decision.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s