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1024 sats \ 7 replies \ @Jon_Hodl 15 Sep 2023 \ parent \ on: Fossil Fuels are Fiat Energy. Reorg of the mining space coming ⚒️ bitcoin
Where is nuclear on this list?
Also, do these prices take into account government subsidies on renewables?
I'd love to see the price of each form of energy compared once you take all the subsidies out. Oil, gas, and coal are also massively subsidized and have been for decades.
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Oil and gas and coal is also under invested due to the political climate over the last 20 years+more. So even if they aren't significantly hampered with tax, ban and regulation, the industries aren't performing optimally and the supply chain is kind of breaking down for them which drives up cost.
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+1
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These people pull numbers out of their ass. They are tech illiterates who don't know the basics of electricity or why solar is absolute trash due to phase shift, among other things.
Be compassionate though, these people are simply mentally ill zombies that have been taken over by fiat. They do not have cognitive agency like you or I.
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I use solar panels and batteries. Trash was being reliant on a centralized grid to grant me electricity privileges with a monthly KYC bill that varied wildly based on the behavior of rich men north of Richmond. Now they send me a check. The setup paid for itself in just over 3 years, not the 7 years I was quoted. Decentralized energy. Decentralized money. Now I just need some decentralized food production and mesh network for internet access.
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Yeah, I am trying to find any objective data on any electricity generation but all the established sources are biased and bought by lobbyists and interest groups.
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The cost of solar energy has dropped dramatically in recent years and is now competitive with or cheaper than fossil fuels in many parts of the world:
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Solar energy costs average between 3-6 cents per kilowatt-hour (kWh) and are trending downward[3].
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Global coal prices have historically averaged 6 cents/kWh. Fossil fuel steam averages around 5 cents/kWh, and small-scale natural gas can be as low as 3 cents/kWh[2].
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In 2016, a major commercial solar installation bid an extremely low price of 2.9 cents/kWh, effectively leveling the playing field with fossil fuels' cheapest offerings[2].
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Without subsidies, solar is likely the cheapest energy source in the world, as demonstrated by record low power purchase agreements in countries like the UAE and Chile[2].
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The upfront costs of solar systems have dropped significantly, with the average cost ranging from $2.40 to $3.60 per watt installed[1].
However, fossil fuels still have the advantage of being a reliable, consistent source of energy. Solar's intermittent nature requires energy storage or baseload power from other sources to maintain grid reliability[1].
Overall, the cost comparison between solar and fossil fuels is complex, with factors like subsidies, environmental impacts, and reliability playing a role. But the rapidly falling costs of solar make it an increasingly attractive and cost-competitive option in many situations.
Sources
[1] Fossil Fuels are Fiat Energy. Reorg of the mining space coming ⚒️ \ stacker news ~bitcoin #254491
[2] Solar Energy vs Fossil Fuels: How Do They Compare? | EnergySage https://www.energysage.com/about-clean-energy/solar/solar-energy-vs-fossil-fuels/
[3] Solar Energy vs. Fossil Fuels: The Great Debate https://www.bluesel.com/blog/solar-energy-vs-fossil-fuels-the-great-debate/
[4] Renewables vs Fossil Fuel Cost Comparisons, without Subsidies https://sustainability.stackexchange.com/questions/10641/renewables-vs-fossil-fuel-cost-comparisons-without-subsidies
[5] Is Solar Really Cheaper Than Fossil Fuels? - Smart Cities Dive https://www.smartcitiesdive.com/ex/sustainablecitiescollective/solar-really-cheaper-fossil-fuels/1106159/
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