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Yeah, they're saying that it's cheaper to build renewables than continuing to run fossil fuel plants. The marginal costs are for additional power once you own t
by reitzensteinm 6y ago
Yeah, they're saying that it's cheaper to build renewables than continuing to run fossil fuel plants. The marginal costs are for additional power once you own the plant.
I believe around 80% of the lifetime cost of a fossil fuel plant is the fuel itself, so even if you're gifted a plant for free it may not be economical to run.
The fly in the soup is intermittency, but grids are generally able to absorb more renewables (wholesale price dropping below 0 is the indicator saturation has happened). And electric cars are going to mean a bunch more dispatchable demand and eventually V2G.