T. Boone Pickens backed off of his much ballyhooed mega-wind project in Texas this week, citing
the declining cost of natural gas.
,» Synapse's Dr. Elizabeth A. Stanton hosted Senior Associates Patrick Luckow and Pat Knight for a conversation about how
declining costs of both natural gas and solar power impact clean energy planning.
Not exact matches
While the requirements have raised the
cost of operating coal - fired plants, experts say a bigger factor in coal's
decline has been cheaper
natural gas.
Despite recent sharp
declines in the market price
of natural gas, utility - scale solar and wind power remain
cost - competitive complements to traditional generation technologies, even without subsidies.
«Cheap
natural gas, the rapid
decline in the
cost of solar and wind generation, and continued flat electricity demand make it next to impossible that U.S. coal production will significantly increase in coming years.»
«Small increases in the price
of oil and
natural gas will have a very strong impact on the margin profile on energy companies, because their
costs are still
declining,» Marks said.
In these cases, something happened (e.g.,
natural gas replaced some coal burning in the United States, the
cost of solar technology has
declined dramatically).
The price
of natural gas plunged some 70 percent while the
cost to generate electricity from
natural gas declined about 40 percent.
In his State
of the Union address on Tuesday, President Obama welcomed the environmental benefits
of low -
cost natural gas, noting that US CO2 emissions have
declined sharply over the past four years.
If accident tolerant fuels prove successful, the
cost of operating nuclear plants could
decline by as much as 30 percent, making nuclear energy instantly competitive even with rock - bottom
natural gas prices.
Declining costs of fuel, especially
natural gas, have been a key driver
of recent reductions in retail electricity prices.
I would like to see the source figures for this «PR article»: «In 2013, solar was the second - largest source
of new generation capacity behind
natural gas — its prospects look bright in 2014 and beyond as
costs continue to
decline and improve the LCOE picture.