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Fossil Fuels vs. Renewables: A Price on Reliability?

Union of Concerned Scientists

The same scenario has played out with the power plants that use fossil fuels, predominantly methane (“natural”) gas, delivered by pipelines. The electric power system is trapped by gas-dependent power plants that cannot obtain gas when it needs it to keep the lights on.

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Gas Generators Get Caught with their Plants Down

Union of Concerned Scientists

The self-governing PJM stakeholders put this in place after so many supposedly “firm” generators failed to perform in 2014. PJM stakeholders voted on this policy to penalize energy suppliers who merely claim to be reliable and to use that money to reward the suppliers that actually exceed their expected performance.

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Ways of Price Making, Inflation, and Energy Price Shocks

Legal Planet

Higher prices for oil, natural gas, coal, and electricity are all pushing up inflation across the economy, dampening consumer demand, canceling out wage gains, and compounding the burdens facing working families and the poor as they seek to recover from the pandemic.

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U.S. EIA: U.S. Electricity Generation From Natural Gas Now Falling Like Coal In Face Of New, Cheaper Renewable Power Plants

PA Environment Daily

non-hydropower renewable sources, including solar and wind, grows from 13% in 2021 to 17% in 2023. We forecast that the share of generation from natural gas will fall from 37% in 2021 to 34% by 2023 and the coal share will decline from 23% to 22%. The amount of solar power generating capacity operated by the U.S.

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The European Energy Transition is well underway and accelerating

Edouard Stenger

Renewables now account for 44% of the EU electricity mix and wind power is now producing more electricity than natural gas. Spain reached this milestone with solar PV accounting for 14 %, solar thermal, 1,8 % ; wind power 23,5% ; hydro 9,5 % and other renewables : 1,4 %.

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Four cheap solutions to climate change

Edouard Stenger

Now imagine if all buildings in the world did the same… Another study I blogged about in 2014 noted that retrofitting buildings brings a 387% return on investment and that for each million dollar invested over 17 new jobs were created…. — Ditching coal and natural gas for solar and wind. — .

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West-facing panels help solve solar energy’s main problem

Edouard Stenger

Back in 2014 I had written two articles on how doing so could make a lot of economic sense despite what one would think. For utilities, this enables them to reduce the need for costly interconnection with neighbouring grids and expensive peaker natural gas plants. But that is another story altogether.