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.