this post was submitted on 04 Sep 2023
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Renewables (solar and wind) are actually the cheapest forms of electricity generation (see Lazard's Levelized Cost of Energy report). This has been true since at least the 2016 version of the report, and it is true even when the cost of generation is not subsidized with government funding.
This is why Texas is investing so much in building new wind turbines, even though they're not politically inclined toward "green energy" - the cost per MWh is lowest.
This is also affecting nuclear power projects. The cost of wind and solar has dropped to the point where building new nuclear power plants looks financially irresponsible.
yea but the report also mentions energy storage which is necessary for solar and wind because of its intermittent nature.
also cheaper electricity means potentially less profit. why would private sector want that?
electricity market must be destroyed and energy must be exclusively public sector