Monday, October 29, 2018

Clean energy is catching up to natural gas | Vox

From an extensive and encouraging clean energy market dynamics reality check
"The cost of natural gas power is tethered to the commodity price of natural gas, which is inherently volatile. The price of controllable, storable renewable energy is tethered only to technology costs, which are going down, down, down. Recent forecasts suggest that it may be cheaper to build new renewables+storage than to continue operating existing natural gas plants by 2035.
That means natural gas plants built today could be rendered uncompetitive well before their rated lifespan. They could become “stranded assets,” saddling utility ratepayers and investors with the costs of premature decommissioning."
Clean energy is catching up to natural gas | Vox

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