“The direction of the cost of storage is less clear and depends on metals prices.”

Renewables consistently cheaper than coal and gas

#Technology

Mon, Nov 12th, 2018 17:35 by capnasty NEWS

According to Ars Technica, the cost of traditional coal or gas plants is higher than the cost of a brand-new renewable installation. The problem, then, isn't really the production, but the storage.

The cost of coal-fired electricity per megawatt-hour hasn't budged a bit from 2017, while wind and solar costs per MWh are still falling. That spells bad news for an American coal revival, especially in places where the cost of building brand-new renewable installations is cheaper than the cost of operating existing coal and gas plants—a situation that Lazard says is happening with increasing frequency (PDF).

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