The cost of generating electricity

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Discussion Overview

The discussion revolves around the costs associated with generating electricity from various sources, as presented by the US Department of Energy. Participants compare different energy generation methods, including solar, wind, gas, coal, and hydroelectric power, while also considering transmission costs and subsidies.

Discussion Character

  • Exploratory
  • Debate/contested
  • Technical explanation

Main Points Raised

  • One participant highlights the costs per megawatt hour for different energy sources, noting that solar thermal is the highest at $312, while gas offers the lowest cost ranging from $66 to $125.
  • Another participant expresses surprise at the competitive cost of advanced nuclear energy at $114.
  • Questions are raised about the nature of solar thermal energy, specifically whether the cost refers to heat or equivalent electricity generation.
  • Concerns are mentioned regarding the heavy subsidies required for solar energy and whether similar subsidies exist for offshore wind power.
  • One participant recalls historical costs of hydroelectric power, citing a personal anecdote about a plant in Niagara Falls that purchased hydro at $2 per megawatt hour in the 1960s.
  • Another participant notes that hydro is included in the DOE chart and refers to the previously mentioned high and low cost categories.

Areas of Agreement / Disagreement

Participants do not reach a consensus on the cheapest energy source, with some questioning the costs of coal and hydroelectric power, indicating that multiple competing views remain in the discussion.

Contextual Notes

There are missing assumptions regarding the definitions of costs and the context of subsidies, as well as unresolved questions about the current costs of hydroelectric power compared to historical data.

Naty1
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I stumbled across what I thought an interesting comparison of the costs to generate electricity from the US Department of energy...includes transmission costs.

http://en.wikipedia.org/wiki/Relative_cost_of_electricity_generated_by_different_sources

Its shows the total cost per megawatt hour: the highest cost sources:

"solar thermal" $312 what this is ?? heat or equivalent electricity?
wind offshore: $243
solar PV $211 solar photovoltaic cells

while gas seems to offer the lowest cost at from $66 to $125.

I am surprised that "advanced nuclear" at $114 is so competitive.

It sure points out the heavy subsidies (taxpayer money) required for solar.

Are subsidies available for offshore power?? Seems tough for it to compete otherwise!
 
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I thought coal was supposed to be the cheapest.
What about the cost of hydro?
 
"""solar thermal" $312 what this is ?? heat or equivalent electricity?""

that should be the cost of the electricity made by focusing sun to boil water.
http://www.fpl.com/environment/solar/projects.shtml?id=alias

hydro - my only experience is secondhand.
in 1960's my father-in-law's plant in Niagara Falls bought hydro for 2 mils/kwh,
or $2 per megawatt hour. seems incredible, today.

old jim
 
Hydro is included in the DOE chart...
I just posted a couple of high and low cost categories.
 

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