The Levelized Costs of Electricity from Existing Generation Sources
July 26, 2016
A new Institute for Energy Research study finds the electricity from new wind and solar power is 2.5 to 5 times more expensive than electricity from existing coal and nuclear power.
Electricity from new wind and solar power is 2.5 to 5 times more expensive than electricity from existing coal and nuclear power due to the intermittent nature of wind and solar power, requiring expensive back up generation from traditional electric power resources like coal, natural gas and nuclear, to run at less than efficient levels or even sit idle regularly.
