Monday, December 8, 2014: from a reader:
Below are the statistics on the cost of power generation in 2011 from the Australian Government’s own Productivity Commission:
- coal fired power station $79 per Mw/h (megawatt/hour)
- natural gas fired power station $97 per Mw/h – or 1.2 times the cost of coal power
- wind power $150-214 per Mw/h – or nearly 3 times the cost of coal power
- solar power $400-473 per Mw/h – or nearly 6 times the cost of coal power
The data is taken from a presentation by the province of Ontario which gets most its electricity via hydro (Niagara Falls, I believe, but I could be wrong).
A reader suggested this source in response to a recent post (the one about MDU buying a wind farm near Hettinger, North Dakota).
The data is sourced:
- go to this link: Presentation Library for Ontario Society of Professional Engineers
- then, scroll down to ENERGY, and click on pdf for: The Real Cost of Electrical Energy
- Solar: $0.89 kwh, 15% CF
- Wind: $0.35 kwh 29.5% CF
- Nuclear: $0.17 kwh 85% CF
- Gas: $.012 kwh 54% CF ($4/MCF - CF not 85% or more because much of the Gas power is under-utilized used for peak loading)
- Coal: n/a -- politically incorrect to even think about