5 ms·
I guess I'm thinking Buffett's lack of interest is related to the public's lack of interest at the current price point. On June 23, a Pew Research poll about e
by acidburnNSA 6y ago
I guess I'm thinking Buffett's lack of interest is related to the public's lack of interest at the current price point.
On June 23, a Pew Research poll about energy preference came out. Nuclear did relatively poorly compared to renewables but, to your point, it did beat out most fossil-based solutions (barely).
[1] https://www.pewresearch.org/science/2020/06/23/two-thirds-of-americans-think-government-should-do-more-on-climate/ https://www.pewresearch.org/science/2020/06/23/two-thirds-of...
- tankenmate 6y agoBut the real issue if the how much the transmission providers are willing to pay. This market is open to all generators of an acceptable size who have passed govt. certification. In most countries this market is an auction in various sized time blocks (from months long down to a few hours). Obviously the price of solar and wind are lower than coal in a lot of localities, and in some are even lower than natural gas. And what's more for solar once it is in place it has miniscule opex, so almost any price above zero will produce net revenue. Natural gas will find it hard to compete with this in even a few years time. Having said that in the US approx 30% of natural gas is used in electricity production. Even though it is a minority of end use market share it will still affect prices. So I'd say if Buffett got it at a 30% discount or more he should be OK, a lesser discount may be problematic.