Tag Archives: growing gap between renewables and natural gas costs

FACT SHEET: President Biden Takes Bold Executive Action to Spur Domestic Clean Energy Manufacturing

White House Briefing Room

Historic Actions Include Authorizing Defense Production Act to Lower Energy Costs,
Strengthen Power Grid, and Create Good-Paying Jobs

Today’s clean energy technologies are a critical part of the arsenal we must harness to lower energy costs for families, reduce risks to our power grid, and tackle the urgent crisis of a changing climate. From day one, President Biden has mobilized investment in these critical technologies. Thanks to his clean energy and climate agenda, last year marked the largest deployment of solar, wind, and batteries in United States history, and our nation is now a magnet for investment in clean energy manufacturing.

Since President Biden took office, the private sector has committed over $100 billion in new private capital to make electric vehicles and batteries in the United States. We have made historic investments in clean hydrogen, nuclear, and other cutting-edge technologies. And companies are investing billions more to grow a new domestic offshore wind industry. Continue reading here.

Related: ACP Applauds President Biden’s Bold Action to Reinvigorate the Domestic Solar Industry, American Clean Power Association

AMERICAN PUBLIC POWER ASSOCIATION ANALYSIS

APPA Analysis Examines Regulated, Deregulated State Power Price Trends
Increases in retail electric prices from 1997 to 2021 were about half a cent more in states with deregulated electric markets than in regulated states, though regulated states had a slightly higher percentage increase in prices, according to an American Public Power Association (APPA) analysis of data from the U.S. Department of Energy’s Energy Information Administration. APPA’s analysis also found that rates increased significantly in all states from 2020 to 2021, largely attributable to a rise in natural gas prices. 

The full report is available here.

Op-ed: Natural gas vs. renewable energy — beware the latest gas industry talking points

Written by Derrick Z. Jackson, Publisher, Environmental Health News

Two groundbreaking reports from the Rocky Mountain Institute (RMI) found that America has reached “a historic tipping point” where “combinations of solar, wind, storage, efficiency and demand response are now less expensive than most proposed gas power plant projects,” and will undercut the operating costs of existing gas plants within the next 10 to 20 years. Bloomberg New Energy Finance says that by 2030, “new wind and solar ultimately get cheaper than running existing coal or gas plants almost everywhere.”

An analysis by Lazard Asset Management found that the range of unsubsidized levelized costs of onshore wind and utility-scale solar to be below that of natural gas. The federal Energy Information Administration has estimated that by 2023, the levelized cost of producing power by onshore wind and solar, will be considerably cheaper than natural gas ($36.60, $37.60 and $40.20 per megawatt hour respectively for each energy source). Read the entire op-ed here.

Derrick Z. Jackson is on the advisory board of Environmental Health Sciences, publisher of Environmental Health News and The Daily Climate. He’s also a Union of Concerned Scientist Fellow in climate and energy. This post originally ran on the UCS Blog.

EV NEWS

Electric buses for mass transit seen as cost effective, by Peter Maloney, American Public Power Association