03 February 2019    

Clean power is cheaper, say utility companies

“Committing to a 100% carbon-free goal, even before we quite know how to reach it, is good for business,” writes author Michael J. Coren in a recent article on Quartz. Coren points to two U.S. utility companies, Xcel Energy and Platte River Power Authority that have recently announced ambitious plans to go carbon-free by 2050 and 2030 respectively – not because of the planet, per se, but because clean energy is cheaper. 

Geothermal heat power is in fact cheapest of all – with an average cost per Mwh of $41.6. Coal costs between two and three times as much. The issue now is how to produce enough clean power given that solar and wind cannot provide a baseload power source. 

Read Coren’s full article here.

 

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