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Old 02-07-2021, 12:14 PM
 
Location: King County, WA
15,943 posts, read 6,643,430 times
Reputation: 13461

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Long term the electricity prices will go down because renewable energy generation is cheaper than other sources.

Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?

The dying coal industry would have you believe otherwise, of course.

 
Old 02-08-2021, 01:26 AM
 
Location: Central Washington
1,663 posts, read 884,595 times
Reputation: 2941
Quote:
Originally Posted by rjshae View Post
Long term the electricity prices will go down because renewable energy generation is cheaper than other sources.

Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?

The dying coal industry would have you believe otherwise, of course.
That article conveniently ignores the cost of backup generation needed due to the unreliable nature of renewables. It also ignores the fact that solar and wind farms require 400 to 750 times more land than a comparable fossil or nuclear plant, which requires much more transmission infrastructure. A 2019 study by the University of Chicago showed that renewables raise prices up to 17%.

Quote:
RPS programs significantly increase retail electricity prices, with prices rising by 11 percent seven years after the policy became law and 17 percent twelve years afterwards. The cumulative effect seven years after the passage of the legislation initiating an RPS, consumers in the 29 states studied had paid $125.2 billion more for electricity than they would have in the absence of the policy.
https://bfi.uchicago.edu/news/renewa...t-study-finds/

A 2019 Minnesota study showed that getting the state to 50% renewables by 2030 would cost $80.2 billion, cost each household an additional $1,200 a year, and reduce the state GDP by $3.1 billion a year.
https://2lffqo2moysixpyb349z0bj6-wpe...ptimized-1.pdf


 
Old 02-08-2021, 03:09 AM
 
Location: Morrison, CO
34,319 posts, read 18,697,213 times
Reputation: 25890
Quote:
Originally Posted by rjshae View Post
Long term the electricity prices will go down because renewable energy generation is cheaper than other sources.

Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?

The dying coal industry would have you believe otherwise, of course.
The future is Natural Gas, not Coal due to its cleanliness and ABUNDANCE in the U.S. Only idiots focus on coal for purely partisan reasons.

To destroy our Energy Sector for political reasons only hurts the working poor and middle income earner the most due to drastically reducing any disposable income they may have or actually making it impossible to make ends meet.

Renewables are a joke and require fossil fuel back up one to one and that's usually Natural Gas.

At least you're one of the few or only Lefty to participate in this thread because they know Biden and the Dems are WRONG about Energy.
 
Old 02-08-2021, 04:02 AM
 
Location: Minnysoda
10,659 posts, read 10,759,017 times
Reputation: 6745
Quote:
Originally Posted by rjshae View Post
Long term the electricity prices will go down because renewable energy generation is cheaper than other sources.

Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?

The dying coal industry would have you believe otherwise, of course.
No, no, no...The only thing keeping renewable cheap is the cost of natural gas. Utilities are building gas plants as fast as they can....
 
Old 02-08-2021, 04:04 AM
 
Location: On the Chesapeake
45,579 posts, read 60,962,975 times
Reputation: 61314
Quote:
Originally Posted by gg View Post
I am telling you right now. As an investor of the past several decades and an economics major, if Biden attacks cheap energy during a pandemic, we are in for a VERY bad time. We might even see soup lines and more.

I am not a Trump fan, but Biden is going to do some real damage. Wow! All I gotta say is stop spending and start saving now. We aren't far from a real bad times. Less than a year out. Start putting money aside! Jobs will be lost and all bets are off.
I'm going to go past you and say that high energy prices are never good for the economy.
 
Old 02-08-2021, 04:04 AM
 
Location: Minnysoda
10,659 posts, read 10,759,017 times
Reputation: 6745
Quote:
Originally Posted by reebo View Post
The article’s two “experts” are a guy whose organization touts the benefits of carbon dioxide and a guy who wants another industrial revolution. Not particularly unbiased sources.

Will it help you believe it if you hear it from someone with 30 yrs in the Electrical production, transmission and marketing industry ? Because I'm here to tell you if the cost of natural gas goes up and stays up the cost of electricity will go up with it...
 
Old 02-08-2021, 05:30 AM
 
Location: Lee County, NC
3,321 posts, read 2,358,594 times
Reputation: 4383
Quote:
Originally Posted by StillwaterTownie View Post
So why are Democrats doing this? Because they are wealthy and can easily pay an electricity bill that triples or more?
Kickbacks to their friends in the green energy sector.
 
Old 02-08-2021, 05:37 AM
 
45,313 posts, read 26,582,895 times
Reputation: 25064
Quote:
Originally Posted by rjshae View Post
Long term the electricity prices will go down because renewable energy generation is cheaper than other sources.

Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?

The dying coal industry would have you believe otherwise, of course.
Wind and solar are the most inefficient and labor intensive forms of energy production. Unless the true costs are hidden how on earth will that create lower prices for the end user?
 
Old 02-08-2021, 06:14 AM
 
Location: Tyler, TX
23,860 posts, read 24,186,577 times
Reputation: 15144
Quote:
Originally Posted by reebo View Post
The article’s two “experts” are a guy whose organization touts the benefits of carbon dioxide and a guy who wants another industrial revolution. Not particularly unbiased sources.
EVERYBODY is biased.

If you're going to reject information because the person presenting it has a bias, you're NEVER, EVER going to accept ANY information.

Being able to identify the bias is a good skill to have, but it shouldn't stop you from evaluating the information. It's one additional factor to consider, but not the ONLY factor.

Seriously folks. This is why we're in this mess right now. Y'all have to start LISTENING to what your opposition is saying.

There are precisely two ways to change a person's behavior. Persuasion and force. That's it. If you give up persuasion as a means of dispute resolution, that leaves only force. Is that what you really want? Open civil war?
 
Old 02-08-2021, 06:34 AM
 
Location: Tyler, TX
23,860 posts, read 24,186,577 times
Reputation: 15144
Quote:
Originally Posted by rjshae View Post
Long term the electricity prices will go down because renewable energy generation is cheaper than other sources.

Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?

The dying coal industry would have you believe otherwise, of course.
Very slanted piece, as is the 2018 piece they refer to within it.

The devil is in the details. What they don't talk about is the fact that "renewable" energy must be stored before it's used, as opposed to coal, nuclear, etc., from which the output can be increased or decreased based on demand.

So-called "green" energy sources are inconsistent. The sun only shines during the day, the wind only blows when it's windy, etc. In order to use a source such as that for anything meaningful, you have to take advantage of energy production whenever you can, and then store it for when you actually need it.

That means batteries. Lots, and lots, and LOTS of very expensive, VERY environmentally unfriendly batteries, with a limited lifespan and a very caustic production and recycling process.

There are a lot of costs in life. Not all of them are monetary. What non-monetary costs are you willing to pay, to achieve that feeling of being a wonderful person who thinks they care about the environment? Slave labor in China? Inconsistent power availability (hi California)? Economic depression? Strip mining half of Greenland for its minerals? That's just the tip of the iceberg when it comes to the true cost of converting to "renewable" energy.
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