If Solar and Wind Are Now Cheaper than Fossil Fuels, Why Don’t We Have More? The LCOE Scam.
Posted by freedomforall 1 day ago to Technology
Excerpt:
"The answer is they aren’t cheaper.
The suspicious claim that “Solar and wind are now cheaper than fossil fuels” is usually justified using an intimidating-sounding metric called LCOE: “Levelized Cost of Energy.”
In a 2020 report, the International Energy Agency used LCOE to claim that “renewable” energy costs are now “competitive” with fossil fuel costs, and that onshore wind is the cheapest source of electricity in most countries.
In a 2023 article titled “The Clean Energy Future Is Arriving Faster Than You Think,” the New York Times used LCOE to claim that solar and wind are somehow cheap while coal, gas, and nuclear are somehow expensive.
LCOE absurdly equates the value of reliable electricity and unreliable electricity."
"The answer is they aren’t cheaper.
The suspicious claim that “Solar and wind are now cheaper than fossil fuels” is usually justified using an intimidating-sounding metric called LCOE: “Levelized Cost of Energy.”
In a 2020 report, the International Energy Agency used LCOE to claim that “renewable” energy costs are now “competitive” with fossil fuel costs, and that onshore wind is the cheapest source of electricity in most countries.
In a 2023 article titled “The Clean Energy Future Is Arriving Faster Than You Think,” the New York Times used LCOE to claim that solar and wind are somehow cheap while coal, gas, and nuclear are somehow expensive.
LCOE absurdly equates the value of reliable electricity and unreliable electricity."
- levelized cost, good explanation- the unreliable babysitter, if you choose the unreliable service, you need to pay the reliable service as well if you want actual babysitting.
- Canada, has vast hydro-power and minerals so can sell much cheap electricity and aluminum, so just agree on a commercial price and buy, high tariffs are a rod for your own back.
-cheap electric power and China. Cheap and large scale electricity is essential for AI, IT, and industry in general. China pulls out all stops, truly enormous projects. Trump appears to agree but lacks power to bring it on, well that may not be his job, but whose job is it? Apart from Russia, other nations are on a feel-good suicide mission claiming electric power will come from sun beams sea-breezes.