R
Rick C
Guest
I ran across this article about an Indiana utility having rejected a bid for fossil fuel generation based on cost and risk.
"Vectrenâs 2016 proposal to replace coal with a gas plant was declined as too large and financially risky for the small utility, requiring a new bid â which recently came in showing wind, solar and storage dominating the list of offers."
In addition it seems another Indiana utility is going hard on for renewables...
"The Northern Indiana Public Service Company (NIPSCO) learns fast. In 2018, the utility published research suggesting that closing coal plants early, and replacing them with renewables and energy storage, would save customers $4.3 billion. Around the same time as the above bids, the utility announced it would be closing a majority of its coal facilities by 2023 (thus the need for the following procurement), and all coal facilities by 2028. Coal lobbyists, expectedly, have flooded the stateâs legislature."
They are looking at adding "2.3 GW of capacity from solar power plants coupled with energy storage". The costs they are expecting to see...
"A preview of where pricing might come in could be seen in the below image, from a summer of 2018 NIPSCO RFP, where we saw bids for solar power at 3.57¢/kWh for 1.3 GW-AC, and 705 MW-AC of solar+storage at an extra charge of $5.90/kW-Mo."
If I understand the storage costs, they seem pretty trivial. I'd love to have my power supplied this way. It would cut my electric bill in half. Good thing my power is local, but not so local it comes from the expensive nuclear power plant next door.
I'm wondering how soon it will be until no one even thinks of any other energy source. Certainly nuclear is a bad idea going forward.
--
Rick C.
- Get 2,000 miles of free Supercharging
- Tesla referral code - https://ts.la/richard11209
"Vectrenâs 2016 proposal to replace coal with a gas plant was declined as too large and financially risky for the small utility, requiring a new bid â which recently came in showing wind, solar and storage dominating the list of offers."
In addition it seems another Indiana utility is going hard on for renewables...
"The Northern Indiana Public Service Company (NIPSCO) learns fast. In 2018, the utility published research suggesting that closing coal plants early, and replacing them with renewables and energy storage, would save customers $4.3 billion. Around the same time as the above bids, the utility announced it would be closing a majority of its coal facilities by 2023 (thus the need for the following procurement), and all coal facilities by 2028. Coal lobbyists, expectedly, have flooded the stateâs legislature."
They are looking at adding "2.3 GW of capacity from solar power plants coupled with energy storage". The costs they are expecting to see...
"A preview of where pricing might come in could be seen in the below image, from a summer of 2018 NIPSCO RFP, where we saw bids for solar power at 3.57¢/kWh for 1.3 GW-AC, and 705 MW-AC of solar+storage at an extra charge of $5.90/kW-Mo."
If I understand the storage costs, they seem pretty trivial. I'd love to have my power supplied this way. It would cut my electric bill in half. Good thing my power is local, but not so local it comes from the expensive nuclear power plant next door.
I'm wondering how soon it will be until no one even thinks of any other energy source. Certainly nuclear is a bad idea going forward.
--
Rick C.
- Get 2,000 miles of free Supercharging
- Tesla referral code - https://ts.la/richard11209