Cost of energy

Energy is one of those things that raises the standard of living and whose price makes a significant impact on poverty. Jerry Graf takes a look at the California Valley Solar Ranch: What for $1.24 Taxpayer Billion?

“One acre or 1,500 acres? 88 percent capacity factor or 22 percent? Less than $1,500,000 per megawatt of capacity or $6,400,000 per megawatt? Location near the customer load or remote? Highly dispatchable electricity or non-dispatchable?”

These are questions raised by the ‘alternative’ energy legislation that pays people to build non-economic power plants and requires utility companies to buy their output at exagerated prices. It is a very costly effort that may ‘feel good’ to some but has a drastic negative impact.

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