At the same time, these coal plants are growing older and becoming increasingly inefficient compared to
the falling costs of natural gas - and renewable - powered electricity.
Not exact matches
The
cost of pharmaceuticals, pickup trucks and rail and truck shipping services rose, while the
cost of vegetables, jewelry and
natural gas fell.
Though the federal government is doubling down on coal, electric power companies are embracing less - polluting
natural gas, wind and solar power as the
cost of generating electricity from those sources
falls.
The company claims its technology can produce steam at a
cost of $ 3 per million BTUs, based on U.S. National Renewable Laboratory calculations;
natural gas currently
costs some $ 4 per million BTUs, though that price may continue to
fall as
natural gas freed up by fracking floods the market.
Last month the chairman
of the Secretary
of Energy Advisory Board's
Natural Gas Subcommittee noted in the Washington Post that increased supplies from shale «has meant, since 2009, that consumers» costs of natural gas to heat homes or generate electricity have fallen by more than half.
Natural Gas Subcommittee noted in the Washington Post that increased supplies from shale «has meant, since 2009, that consumers» costs of natural gas to heat homes or generate electricity have fallen by more than half.&raq
Gas Subcommittee noted in the Washington Post that increased supplies from shale «has meant, since 2009, that consumers»
costs of natural gas to heat homes or generate electricity have fallen by more than half.
natural gas to heat homes or generate electricity have fallen by more than half.&raq
gas to heat homes or generate electricity have
fallen by more than half.»
The coal industry is in an economic free -
fall due to low -
cost natural gas and an incoming wave
of steep environmental regulatory
costs.
Thanks to the rising
cost of coal and
natural gas — as well as the short - term
cost benefits
of cadmium telluride, and
falling costs of silicon and other solar options — the National Renewable Energy Laboratory estimates that solar energy could reach nationwide grid parity by 2017.
And in the US the
cost of natural gas has
fallen by 30 - 45 % since fracking) Wind — 13c Biomass — 16c SOLAR...................56 c!!!
IEEFA finds India's wind and solar energy
costs have
fallen 50 % to as low as $ 38 per megawatt hour (MWh) over the past two years, with renewable energy bids in new auctions
costing 20 % less than the
cost of wholesale electricity from existing Indian coal generation, and 30 - 50 % less than the required
cost to justify new imported coal or liquefied
natural gas capacity.
During the 1990s and 2000s, the generation
costs for plants fueled by
natural gas fell dramatically as a result
of lower
natural gas fuel prices and the increased use
of combined cycle technology for power generation.
A recent report from the Institute for Policy Integrity shows that the rapidly
falling cost of renewable energy technologies (wind and solar, but not only wind and solar), coupled with the stubbornly low price
of natural gas, mean that CPP compliance is likely to be cheaper than anyone projected.
Skeptical Science notes that when the coal externalities
of the study are included in coal's price, it increases the levalized
costs to approximately 28 cents per kWh, which is more than the 2009 U.S. Energy Information Administration
cost of hydroelectric, wind (onshore and offshore), geothermal, biomass, nuclear,
natural gas, and solar photovoltaics, and is on par with solar thermal, although the
costs of solar thermal are
falling.
In contrast to wind - generated electricity, where
costs are
falling, the price
of natural gas is on its way up.
As
costs for those alternative sources
of power have
fallen, renewable power producers are now able to sell electricity into certain markets — depending on factors such as transmission availability and weather — at a price that is competitive or in some cases lower than
natural gas - fired generation.