The head of NextEra Energy, the biggest and most successful utility in the United States says the energy industry is in the grip of massive change, with the cost of renewables and battery storage – without subsidies – beating gas, as well as existing coal and nuclear on costs. “We see renewables plus battery storage without incentives being cheaper than natural gas, and cheaper than existing coal and existing nuclear,” Jim Robo, the CEO, president and chairman of NextEra, told analysts last week at the Wolfe Utilities & Energy Conference. “And that is game changing,” Robo said. So much so, that renewables would likely replace coal generation in the US within a decade.
Renew Economy 9th Oct 2019 read more »
The average total generating cost for nuclear energy in the US in 2018 was $31.88 per megawatt-hour (MWh) – 7.1% lower than in 2017 and nearly 25% below the 2012 peak costs, a report by the Washington-based Nuclear Energy Institute said. Total generating costs include capital, fuel, and operating costs – all the costs necessary to produce electricity from a nuclear power plant. The 7.1% reduction in total generating costs year-over-year is due to a 9.3% reduction in fuel, an 8.7% reduction in capital expenditures and a 5.9% reduction in operations costs.
Nucnet 8th Oct 2019 read more »