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The unsubsidized cost of renewables is (way) below the cost of any other source other than gas fired plants (which they are now competitive with)[1]. Subsidies
by nl 4y ago
The unsubsidized cost of renewables is (way) below the cost of any other source other than gas fired plants (which they are now competitive with)[1].
Subsidies are now mostly about solar vs wind. See for example the discussion in [2] about the tax credits and their effects on solar vs wind builds in the US (note that tariffs on solar panels from China offset some of these subsidies). Also note that they are tax credits, so somewhat different to a direct subsidy payment.
Most (non-coal) power generation has tax credits as a subsidy. [3] outlines the tax credit subsidies for the new nuclear plants in Georgia, as well as other subsidies including loan guarantees.
[1] https://www.lazard.com/perspective/levelized-cost-of-energy-levelized-cost-of-storage-and-levelized-cost-of-hydrogen/ https://www.lazard.com/perspective/levelized-cost-of-energy-...
[2] https://www.eia.gov/outlooks/steo/report/electricity.php https://www.eia.gov/outlooks/steo/report/electricity.php
[3] https://www.georgiapower.com/company/plant-vogtle/vogtle-news/2018-articles/us-congress-to-extend-production-tax-credits.html https://www.georgiapower.com/company/plant-vogtle/vogtle-new...