Category Archives: Natural gas

Electric utiltiies know about Moore’s Law for solar power

And they know compound annual growth, even at a low 22% rate, is going to cause them a heap of trouble.

More from the Edison Electric Institute January 2013 report, Disruptive Challenges: Financial Implications and Strategic Responses to a Changing Retail Electric Business (rehosted on the LAKE web server, since it disappered from the EEI server),

The decline in the price of PV panels from $3.80/watt in 2008 to $0.86/watt in mid-20121. While some will question the sustainability of cost-curve trends experienced, it is expected that PV panel costs will not increase (or not increase meaningfully) even as the current supply glut is resolved. As a result, the all-in cost of PV solar installation approximates $5/watt, with expectations of the cost declining further as scale is realized;

Sure, costs won’t continue to drop forever, but Continue reading →

Fossil fuels get five times the subsidies of renewable solar and wind

Fossil fuels get more than $70 billion dollars a year in U.S. government subsidies (tax breaks and direct spending), while solar and wind get only about $12 billion, so fossil fuels got more than five times as much, while nuclear got ten times as much (especially in Georgia). Even corn ethanol, that sounded-like-a-good-idea-at-the-time boondoggle, gets more subsidies than solar and wind put together.

That’s without even going into the externalities such as healthcare costs due to polution, environmental destruction through mountaintop removal for coal, tar sands oil drilling, and fracking for natural gas, and wars for oil and uranium.

Continue reading →