Friday, November 23, 2018

The Market, Energy, And Political Page, T+17 -- November 23, 2018 -- Black Friday

"No one saw this coming" -- DeGeneres voice over for the ubiquitous and annoying Spectrum commercials.

No one saw this coming, either, I don't suppose. LOL. From electrek:

Really? Cold weather worldwide? At least I thought Tesla was now worldwide.

By the way, the "cold weather" issue affecting electric vehicles has been known from since ... like forever, but this is something different. Pretty funny. From the linked article.
The door handles of the Model 3 are embedded inside the door and you need to press on one side for it to pop out and pull on it.
Model 3’s doors are also frameless and therefore, the window slides down slightly when you pull on the handle in order to enable you to open the door.
With the cold, several owners were reporting that the door handles were extremely hard to pop out and when they do, the window doesn’t always come down.
After we reported on the issue, Tesla said that it was investigating the situation.
Now just a week later, the automaker has released a new Model 3 software update (2018.44.2) with includes “Cold weather improvements”.
On another note, The Boston Globe is reporting that sea turtles on Cape Cod are dying en masse due to extreme cold. I assume this happens every year, but this year it caught my attention. Sea turtles could use a bit more atmospheric CO2 it seems.

Meanwhile, it's short sleeve weather for some here in north Texas this morning.

Wind Power -- New England

Off my radar scope, but a reader alerted me to this story.

At the link:  Danish off-shore wind company will purchase Rhode Island's Deepwater wind farm if agreement approved by US government. Price: $510 million.

From this link:
  • 400 MW
  • That Block Island price, which started at 24.4 cents per kilowatt hour and is escalating at 3.5 percent a year, is significantly higher than the price National Grid pays for power from fossil fuel-burning generators and other conventional sources
  • It is, however, competitive with other renewable energy projects that have been developed in Rhode Island.
Works out to $1.275 million / MW. 

Yeah, at 24.4 cents per kilowatt hour, it is considerably higher than coal or natural gas.

Other links:
technology costs; EIA; graphics do not include natural gas or conventional coal; when looking at data be sure to note whether price is per MWh or KWh (a factor of 10).

Compare 24.4 cents/kwh with that of conventional coal from a google search:
However, since few petroleum units are used at that cost (petroleum only produced 0.7 percent of U.S. electricity in 2011), it is better to compare nuclear production costs to coal production costs, which averaged 3.23 cents per kilowatt hour in 2011 and to natural gas production costs which averaged 4.51 cents per ...Aug 22, 2012
Let's assume prices in 2018 have doubled since 2012:
  • coal: 6 cents/kwh
  • natural gas: 9 cents/kwh
  • offshore wind: 25 cents/kwh and utility will increase price by 3.5% annually

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