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Horizon

Gas Plants Still More Expensive Than Renewables

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Natural gas power generation continues to be more expensive than renewables despite higher material costs and higher interest rates making the cleaner alternative costlier, according to Energy Intelligence’s latest report on the regional cost of electricity generation, known as the levelized cost of energy (LCOE). Renewable costs have increased this year for the first time since the 2007-08 commodity price boom. But fossil fuel costs have increased more than those of renewables, making gas-based power less competitive overall.

Topics:
Carbon Capture (CCS), Coal, Low-Carbon Policy, Nuclear, Gas Demand, Carbon Prices, Electricity Prices, Gas-Fired Electricity, Renewable Electricity , Carbon Markets
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