Breezy summary of what a Duke University study indicated a year ago.
I’ve noted before that over recent decades, with the penetration of renewables, and cheaper natural gas, the cost of generation has gone down, while the real cost driver has been Transmission.
Jigar Shah on Open Circuit Podcast:
Jigar Shah: We’ve been at crisis levels for a long time. The fact that people are paying attention now is useful, but I just want to make sure that people understand that we’ve been at crisis levels. Just a couple of anecdotes, right? This week, the electricity price in California and the Western power pool are 4 cents a kilowatt-hour. Southern California Edison charges 35 cents a kilowatt-hour and has a 10% rate increase going into effect next week. That means that for the first time ever, the generation cost of their bill is less than 10% of their bill.