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Planes, Bikes, Automobiles, and the Deceptive LCOE

By Energy Rant No Comments
Lazard recently released its 16th levelized cost of energy or LCOE report. The LCOE represents the total cost of generating (or storing) electricity over the asset’s life divided by the total MWh or kWh delivered. The total cost includes construction, land, operations, maintenance, fuel, interest, etc. Questionable Comparisons The LCOE can be misleading, it's like comparing the levelized cost of transportation (LCOT) of a bicycle, automobile, and passenger jet. The LCOE only applies when comparing automobiles against automobiles, bikes against bikes, etc., for obvious reasons. Similarly, LCOE for electricity storage is mostly reasonable. However, comparing LCOE of renewable power generation…
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Construction Begins on Idaho Power’s First Energy Storage Projects as it Faces Growing Capacity Shortfall

By Storage No Comments
Original Source: Construction begins on Idaho Power’s first energy storage projects as it faces growing capacity shortfall | Utility Dive Dive Brief: Construction has begun on Idaho’s first utility-scale energy storage installations, which are expected to start to come online this summer, Idaho Power announced March 3. An 80-MW battery energy storage system is being installed at the company’s Hemingway substation in Owyhee County and a 40-MW system is being built adjacent to the 40-MW Black Mesa solar project in Elmore County. Idaho Power told state regulators it identified in May 2021 a capacity deficit of 78 MW by this June, growing each year…
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Appalachian Power Updates its Annual Clean Energy Plan

By Storage No Comments
Original Source: AEP Appalachian Power - Appalachian Power updates its annual clean energy plan (electricenergyonline.com) Appalachian Power updates its annual clean energy plan. March 20, 2023 Clean energy projects that deliver affordable, reliable power while creating jobs and tax base are integral parts of Appalachian Power's plan to meet its renewable energy obligations in Virginia. The information is included in the company's annual update filed this week to comply with the Virginia Clean Economy Act (VCEA). The VCEA is a law that requires the company provide its 542,000 Virginia customers with carbon-free energy by 2050. With its passage, Appalachian Power…
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Phony Avoided Cost Models in a Free-Agent Market

By Energy Rant No Comments
The last two posts, Nuclear Power over the White Rabbit and the Clean Power Plan Corpse, demonstrated the fruits of an undiversified baseload fleet of power generation. Electricity prices, which were so low during most of my career that few cared about them, are soaring as natural gas - the basket in which all eggs lie - has become a global fuel. I predicted this as recently as 2017; Reverse Diversification Coming to a Utility Near You. Solar, wind, and storage will never compete with thermal baseload power generation in our lifetimes. I’m covering three things in this post due…
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