What Are the Costs of Competing Power Sources? Source: Gilbert Metcalf, Professor of Economics, Tufts University (2007) Levelized production costs per kWh in tax regime providing no investment preferences: Coal: 3.79 Clean coal: 4.37(+ 15 %) Natural gas: 5.61(+48 %) Nuclear: 5.94(+57 %) Wind: 6.64(+75 %) Solar thermal: 18.82(+570 %) Solar photovoltaic: 37.39(+887 %)
Levelized Electricity Costs: 2016 Source: U.S. Energy Information Administration Levelized production costs per mWh in tax regime providing no investment preferences: Natural gas: 63.1 Natural gas (with CCS) 89.3(+42%) Coal: 94.8(+ 50 %) Clean coal (with CCS): 136.2(+116 %) Nuclear: 113.9(+81%) Onshore Wind: 145.5(+131%) 23% capacity Offshore Wind: 361.8(+474%) 23% capacity Solar thermal: 311.8(+394 %) Solar photovoltaic: 210.7(+234 %)
Federal Electricity Subsidies Source: U.S. Energy Information Administration
Will Kansas Politicians Ever Learn? Year Renewables KS PriceUS Price 20092.8 mWh7.98 c/kWh9.82 20103.4 mWh8.35 9.83 20113.7 mWh9.90 2012DOUBLE9.249.93
Spain Economy Beginning in 2005, when unemployment in Spain was 8.7 percent, Spain embarked on a renewable energy program designed to transform the nations economy. Economics professors at Spains King Juan Carlos University published a 2009 study showing that for every 1 green job created, 2.2 jobs were destroyed elsewhere in the economy. Spains unemployment rate has approximately tripled since Spains renewable energy program took effect, and now stands at 26%.
Spain Economy In February 2012 Spains government announced that it can no longer afford to subsidize renewable power and is halting all subsidies.
UK Economy A 2011 study by Verso Economics found that renewable energy mandates in the UK killed 3.7 jobs for every 1 job created.
Compare to Oil and Gas Production Shale oil finds in North Dakota (under private lands) are fueling a oil boom in the state. North Dakotas unemployment rate is 3%. Texas leads the nation in oil and natural gas production. More than 40% of the nations job creation during the recent recession occurred in Texas.