Posted on 08/10/2016 9:36:33 PM PDT by Ray76
Last month, J.P. Morgan Asset Management released its annual paper on the topic of energy. This year’s paper focuses on the costs associated with deep de-carbonization of electricity grids through the transition to renewable energy.
J.P. Morgan’s analysis confirms the findings of many in the academic community that levelized cost of energy becomes less and less meaningful for renewable energy technologies as they take on a larger role in the electricity mix. While the cost of energy generated by a solar panel or wind turbine might be competitive with the cost of energy generated from a gas or coal plant, the cost of energy from a grid dominated by renewable energy is almost certainly higher than the cost of energy from a grid powered by conventional sources—about 20–90 percent higher according to J.P. Morgan.
Heavy-Renewable Grids Would Require the Same Amount of Thermal Power Plants—but They Would Be Used a Lot Less Often
A primary driver for the higher cost of heavy-renewable grids versus conventional grids is the fact that backup power plants are required to meet demand during periods when renewable energy is not available.
My main takeaway from J.P. Morgan’s analysis is that we can transition to renewable energy or a mix of nuclear and renewable energy to significantly reduce carbon dioxide emissions—as long as we are willing to pay 20–90 percent more for electric energy.
(Excerpt) Read more at blogs.scientificamerican.com ...
“skyrocket”
Part of a series of five posts:
To Get Wind Power You Need Oil
http://www.freerepublic.com/focus/f-chat/3458518/posts
Reliability of Renewable Energy: Wind
http://www.freerepublic.com/focus/f-chat/3458519/posts
Deep De-Carbonization Would Increase Electricity Costs 20–90 Percent, Says J.P. Morgan
http://www.freerepublic.com/focus/f-chat/3458520/posts
Electricity Prices Soaring In Top Wind Power States
http://www.freerepublic.com/focus/f-chat/3458521/posts
MidAmerican Energy customers rattled by electric rate hike
http://www.freerepublic.com/focus/f-chat/3458522/posts
Prices for electricity have already gone up a great deal during the Obama administration. If we keep this nonsense up; I suspect 200% to 400% would be more like it.
“Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.” (January 2008)
https://www.youtube.com/watch?v=HlTxGHn4sH4
A: Nothing. They just stick another gun in the taxpeasant's face, and the taxpeasant pays the difference.
Obama Administration Plans to Eliminate Yesterday's Energy: Gasoline
Obama Administration Plans to Eliminate Yesterday's Energy: Coal
Here we are, in the wee hours, knowing what these demons want and plan to do.
And if you tell moonbats about this, they laugh and don’t believe it, until, like George Bailey, they suddenly realize it.
Madness. Our progeny will be serfs.
My aim in pointing out that this post is part of a series of posts is that, taken together, these posts arm the reader with enough information to straighten out the moonbats. That’s my hope at least.
Now go forth and slay the stupidity! ;)
“Reasonable Profits Board” - that’s straight out of Atlas Shrugged.
Thanks for the links.
No problem. We’ll just skip food. Then we’ll be out in the street so we wont need electricity.
Problem solved.
Those ####s.
“De-carbonization” is one facet of the plan to murder a billion poor people in ten years—and the Pope supports it.
That’s how bad the infiltration and colonization is, folks.
OK!! Everybody pay attention!
Lesson for today:
1. The sun is 1,300,000 times as big as the earth.
2. The sun is a giant nuclear furnace that controls the climates of all its planets.
3. The earth is one of the sun’s planets.
4. The earth is a speck in comparison to the size of the sun.
5. Inhabitants of the earth are less than specks.
Study Question: How do less-than-specks in congress plan to control the sun?
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