Energy Costs For Electrifying America During The Fourth Industrial Revolution -- October 1, 2024

Locator: 48451ENERGYCOST.

As we start going down the road for increased energy requirements for electrifying America, time to try to get an idea on dollars and numbers involved. 

Texas:

• natural gas-fueled power plants
• 10 gigawatts, on-demand (10,000 megawatts)
• $18 billion (almost a doubling of initial estimate less than a year ago)
  
• 2 million homes during peak demand
• $/home = $9,000
• $/megawatt = $9,000 / megawatt
• ratepayer: $10.8 billion price tag --> an extra cost of less than $4 / month for residential customers

Wyoming:

• small nuclear reactor
• 345 megawatts
• $4 billion: half to be provided by private financing; half to be provided by taxpayers;
• 250,000 homes
• $/home = $16,000
• $/megawatt = $16,000