Another Big Wave in Portugal

[T]he US DOE actually tries to calculate the cost of various energy sources using a complicated levelized cost model. Seehttp://www.eia.gov/forecasts/aeo/electricity_generation.cfm. For power plants coming on line in 2017, their nationwide average estimates in $/MWH are:
Conventional Coal: 98
Convenional CC Gas: 66
Solar PV: 153
On average, PV has a ways to go. However, the lowest regional cost of PV is 119, while the highest regional cost of coal is 115 and advanced nuclear is 119.
So there are probably places today where PV is cost competitive. But the market can surely figure this out at least as well as the government.If these numbers are right, it means that we are just now hitting the point where solar power makes economic sense in a few places without any government subsidies. That's pretty amazing, if you ask me. I wonder how many of those places there will be in 7 years...
I want to thank my first five clients
If Bitcoin does succeed, 1 Bitcoin may be worth more than $1 million in 7 to 10 years.
Don't worry be happy!
Brexit Simplified
Everything I've learned about life: it goes on.
MAD Cow disease II
Momentum traders likely had their worst day in a decade
I am with Bruce Lee on this........