“Commercial-scale solar
developers are already offering utilities electricity at 14 cents or
less per kWh. Duke Energy and Progress Energy are limiting or rejecting
these offers and pushing ahead with plans for nuclear plants which, if
ever completed, would generate electricity at much higher costs — 14–18
cents per kilowatt-hour according to present estimates.”
This is the research conclusion from a study entitled Solar and Nuclear Costs — The Historic Crossover authored by John O. Blackburn, PhD, Professor Emeritus of Economics and former Chancellor, Duke University.
The study’s premise is that traditional energy supplies including fossil and nuclear energy are experiencing what economists called “upward cost curves” or in other words, their costs keep going up and are not likely to ever go back down. However, the research claims of Blackburn/Cunningham are that renewable energy has achieved a “downward cost curve” over the last decade, namely that their prices have gone down and there is a strong likelihood that they will continue to fall in price.
To read the full, original article click on this link: Which Is Cheaper? Nuclear or Solar | The Green Economy Post: Green Careers, Green Business, Sustainability
Author: Bill Roth, Founder of Earth 2017 and Author of The Secret Green Sauce“
