8/6/2019 The Cost of Energy 6.14.2011
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The global long-term tendency in power generation is sh
towards natural gas and renewable energy rather than nupower as
General Electric has recently said.
Even if the cost of wind power technology is drop
becoming a long-term prospect for investing, it is still
expensive at present than fossil fuels and nuclear p
However, as Paul Browning, vice president of th
products for GE said, GE believes we are seeing a mega
in natural gas and renewables. These two trends will be
standing ones, which we will be investing
GE is one of the main suppliers of all major p
technologies in the world, being well placed in estim
relative costs. The levelized cost for various technol
which is the cost including the cost of building a power
plus ongoing fuel costs, may be seen in the table here ab
Coal is the most widely used for power generators as it
cheapest of all technologies. According to oil major BP,
consumption of coal reached a new record last year, with
more burned as compared to 2000.
The levelized cost of onshore wind was around 9-10 US
per KWh, or about twice as much the cost of the che
technology of coal-fired power generation at 5 cents, and
above 6 cents for U.S. natural gas and 7-8 cents for nu
As for the levelized cost of solar PV, it was estimated at a
15 cents. GE is also aiming to reduce the cost of integ
gasification combined cycle (IGCC) coal technology, w
burns coal after turning it into gas, increasing p
conversion efficiency and thereby cutting carbon d
emissions. At present, IGCC levelized costs are about 15
per KWh, GE aiming to lower the cost to 8-9 cents.
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Cost of various power generation technologies
Electricity -Referendum results could baffle Italys nuclear
plans- After twodays of voting, the anti-nuclear referendum
finished overwhelmingly against
Berlusconis nuclear revival plans, a decision agreed by 90% of
voters. Voters
turnout represented 57%, quite enough to reach the quorum of
50%. Even before
the ballot closed, the Premier Silvio Berlusconi admitted that
Italyread moreRenewable- UK to strengthen small scale solar
projectsAfter confirmed new
feed-in tariffs for large scale projects and anaerobic
digestion, small scale projects
seem to get a new support.The UK Department of Energy and
Climate Change,
(DECC) calls for approving a new incentivable system as to
protect households,
small business and communities read moreNatural gas - France
could become the first country to ban hydraulicfracturing - On
Thursday, June 9th, the French Senate (upper house) passed a
bill on hydraulic fracturing which involves amendments to the
bill passed by the
lower house last month, based on the prohibition of hydrocarbons
exploration by
way of hydraulic fracturing. Members of Frances upper houseread
more
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Tuesday, June 14, 2011
chnology Cost per kilowatt hour (KWh)
verized coal 5 US cents
S. natural gas 6 US cents
clear 7 7-8 US cents
shore wind 9-10 US cents
ar PV 15 US cents
egrated gasification combined cycle
CC) coal 15 US cents
ar thermal 15-20 US cents
shore wind 30 US cents
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