The Cost of Renewable, Nuclear, and Fossil Fuel Energy Sources PDF Print E-mail


The following charts from Lazard Investment Bank show the cost of power generation calculated by averaging the total lifetime cost over the total electricity generated (“levelized cost”) for renewable sources of energy and for nuclear and fossil fuel energy.  Federal incentives significantly reduce the cost of renewable energy, in the form of upfront tax credits as well as ongoing production-based tax credits.  The cost of nuclear and fossil fuel energy does not include environmental costs, carbon emission costs, transmission costs, and variations in construction and fuel costs.  The charts show that geothermal, wind, and biomass renewable sources are already cost competitive with nuclear and fossil fuel sources of energy.


cost of renewable energy sources




cost of nuclear and fossil fuel energy


Though solar energy is currently still higher in cost than other sources of energy, Lazard Investment Bank found that there is a significant potential for photovoltaic solar panels to drop in price over time.



solar energy drop in cost


Zhengrong Shi, founder and chief executive of China's Suntech Power Holdings, the world's largest provider of solar panels, expects solar energy to be competitive with conventional sources of energy such as natural gas.  Suntech expects the cost of electricity generated by its solar panels to be below $1 per watt by 2013.

Last Updated on Thursday, 18 August 2011 03:23
 

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MN's Leading Election System

With Secretary of State Steve Simon

 

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Listen to Secretary of State Steve Simon's excellent presentation on MN's outstanding election system emulated by many other states at the Think Again Brooklyns forum January 19, 2016.  Secretary Simon includes ways in which it can be improved, and he explains why it is important to vote.  He concludes with a quote from a tee shirt:  "Failure to vote is not an act of rebellion.  It is an act of surrender."

Get details on how to vote at http://mnvotes.org

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How Oregon Became the Easiest Place to Vote in the US

By Lornet Turnbull
YES! Magazine
October 8, 2016

 


In January, Oregon became the first state in the country to begin automatically registering eligible citizens to vote when they obtain or renew their driver's licenses or state IDs, completely shifting the burden of voter registration from the individual to the government. 

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