NewEnergyNews: ORIGINAL REPORTING: The disruptive power of low cost of New Energy /

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YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
  • --------------------------

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    Founding Editor Herman K. Trabish

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    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Wednesday, January 23, 2019

    ORIGINAL REPORTING: The disruptive power of low cost of New Energy

    Will lower cost renewables and natural gas accelerate PacifiCorp's generation transition? A new study shows 20 of the utility’s coal units may not be cost-competitive.

    Herman K. Trabish, Aug. 2, 2018 (Utility Dive)

    Editor’s note: Findings in the study reported here were confirmed by PacifiCorps its recent announcement of a rethinking of the coal holdings in its resource portfolio.

    New data adds to the growing evidence that new renewables are a better buy for utilities than old coal. The generation from 11 PacifiCorp coal plants costs more than it would for the utility to buy power in energy markets. The generation, on a net present value (NPV) basis, from 12 of PacifiCorp's coal units costs more than the NPV for solar PV power purchase agreements (PPAs). And wind PPAs beat the generation from 20 PacifiCorp coal plants. These are conclusions from a June 20 Energy Strategies study for Sierra Club, which used data from the utility's own 2017 reports to the Federal Energy Regulatory Commission (FERC) and the U.S. Energy Information Administration (EIA).

    PacifiCorp is making major strides toward addressing this concern. Its most recent planning documents show much of the coal fleet scheduled for retirement in the late 2020s and 2030s and significant additions of renewables. But Sierra Club argues the utility is unnecessarily imposing costs on customers and the environment by keeping its coal plants in service. Since 2009, the cost of wind generation has dropped 38%, the cost of utility-scale solar has dropped 77%, and the cost of battery storage is down 79%, Bloomberg New Energy Finance (BNEF) found. Newer data show both wind and solar costs dropped 18% in just the first half of 2017. Battery prices are forecast to fall another 67% by 2030. Bids to Xcel Energy Colorado put wind-plus-storage projects at $21/MWh and solar-plus-storage was $36/MWh. But July EIA all-in prices for renewables generation are lower than just the fuel costs for natural gas generation, $23.11/MWh, and coal generation, $28.16/MWh. This shows that the cost of building renewables projects, which have zero fuel costs once they are in service, is lower than the cost of supplying fuel to existing coal and natural gas plants… click here for more

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