PG&E's bankruptcy: Renewable energy costs at 800% of market rates

Discussion in 'Energy' started by bripat9643, Jun 13, 2019.

  1. bripat9643
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    bripat9643 Diamond Member

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    The environmental wackjobs claim that renewable costs are comparable to the cost of using fossil fuels to generate electricity. The financial reality appears to be something different.

    https://www.americanthinker.com/blo...able_energy_costs_at_800_of_market_rates.html

    PG&E's bankruptcy court revealed that the company may dump its state-mandated renewable energy source contracts that cost up to 800 percent more than market rates. California mandated a zero carbon emissions future by passing the Global Warming Solutions Act of 2006. With PG&E residential electric rates rising by 71 percent to subsidizing renewables, Northern Californians' electricity costs 19.30 cents per kilowatt-hour, or about double the 10.66 cents in Oregon and 9.46 cents in Washington.
     
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  2. Old Rocks
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    Old Rocks Diamond Member

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    [​IMG]
     
  3. Manonthestreet
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    Manonthestreet Platinum Member Gold Supporting Member Supporting Member

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    The y must be lying...….he has a chart to prove it.....no doubt Trump told em to claim that
     
  4. Old Rocks
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    Old Rocks Diamond Member

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    Los Angeles seeks record setting solar power price under 2¢/kWh

    The Los Angeles Department of Water and Power (LADWP) Board of Commissioners was presented with the Eland Solar & Storage Center in Kern County, California, from an LADWP internal team on June 18, 2019.

    The team told the commissioners that on July 23, they plan to seek approval of a two phase 25-year power purchase agreement (PPA) priced at 1.997¢/kWh for 400 MWac / 530 MWdc of solar electricity delivered at time of generation plus a adder 1.3¢/kWh for the excess electricity later delivered from a co-located 400 MW / 800 MWh energy storage system.

    [​IMG]

    Per an email from 8minute, the project will be built in two 200 MWac solar phases. There is no price escalator, and the solar portion is a record low price for the United States. It even beats out the current U.S. pricing leader – 8minute’s 2.375¢/kWh from the 300 MW Eagle Shadow Mountain solar project.

    The project includes the option to add 50 MW / 200 MWh of energy storage for an additional adder of 0.665¢/kWh. It was suggested that the excess electricity will be used during the evening peak period to ease ramping, though one presenter also brought up that the morning peak was as important to consider (see analysis of this volume at end of article).
     
  5. Dekster
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    Dekster Gold Member

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    In fairness, the article does mention that they are straddled with contracts that leaves them paying significantly more than competing suppliers of renewable energy.
     
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  6. Elton
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    Elton Member

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    May I ask where you got this graph from?




     
  7. bripat9643
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    bripat9643 Diamond Member

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    Your chart is misleading because it doesn't include the cost of building backup power for solar and wind, for one thing.
     
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  8. HenryBHough
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    HenryBHough Gold Member Supporting Member

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    Were I foolish enough to live in California I hope I'd have enough "smarts" left to buy one hell of a generator and fuel storage (filled). It's not impossible to imagine PG&E "going out of business" and leaving it to the state to confiscate its properties. In that case I'd expect the "grid" to keep going for about 1-2 weeks before collapsing.
     
  9. Old Rocks
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    Old Rocks Diamond Member

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    Solar, with the backup that has already been contracted for, is cheaper than anything on that chart, coming in at less than $20 MW. Do try to stay current with technology.
     
  10. bripat9643
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    bripat9643 Diamond Member

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    The backup is all the fossil fuel plants in the state. They aren't accounted for in the cost per $/MWh price.
     

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