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The investment firm Lazard has a nice report[1] on comparing U.S. energy costs by source. Here's the costs in the U.S. (without counting subsidies): * Wind
by diafygi 10y ago
The investment firm Lazard has a nice report[1] on comparing U.S. energy costs by source. Here's the costs in the U.S. (without counting subsidies):
* Wind: $ 32/MWh
* Solar: $ 43/MWh
* Natural Gas: $ 52/MWh
* Coal: $ 65/MWh
* Geothermal: $ 82/MWh
* Biomass: $ 82/MWh
* Nuclear: $ 97/MWh
* Solar+Storage: $ 119/MWh
* Diesel: $ 212/MWh
So wind and solar are currently the cheapest, but you can only get to about 50% penetration with those without storage[2]. The rest has to be "dispatchable".
[1]: https://www.lazard.com/media/2390/lazards-levelized-cost-of-energy-analysis-90.pdf https://www.lazard.com/media/2390/lazards-levelized-cost-of-...
[2]: https://people.eecs.berkeley.edu/~vsmith/docs/renewables_sgc_2013.pdf https://people.eecs.berkeley.edu/~vsmith/docs/renewables_sgc...