firsttruck
Well-known member
Annual Average Electricity Price Comparison by State
2020 January
https://neo.ne.gov/programs/stats/inf/204.htm
Average Electricity Rate for All Sectors (Cents per Kilowatthour)
Louisiana 7.51
Oklahoma 7.63
Idaho 7.99
Utah: 8.27
Wyoming: 8.27
Arkansas: 8.32
Washington: 8.33
Nevada 8.33
Texas 8.36
....
Estimates for the future, in predominately sunny parts of the USA ( and world), prices for electricity might drop significantly to 10% of current prices. In some places as low as .01/kWh (1 cent /kWh).
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I could not find a link to the original Credit Suisse report. Hopefully someone else can post a link here if they find it.
The Climate Economy Is About to Explode A new report (by Credit Suisse) suggests that the U.S.'s Inflation Reduction Act could be even bigger than Congress thinks.
By Robinson Meyer
October 5, 2022
https://www.theatlantic.com/science/archive/2022/10/inflation-reduction-act-climate-economy/671659/
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Late last month, analysts at the investment bank Credit Suisse published a research note about America’s new climate law that went nearly unnoticed. The Inflation Reduction Act, the bank argued, is even more important than has been recognized so far: The IRA will “will have a profound effect across industries in the next decade and beyond” and could ultimately shape the direction of the American economy, the bank said. The report shows how even after the bonanza of climate-bill coverage earlier this year, we’re still only beginning to understand how the law works and what it might mean for the economy.
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Second, the U.S. is “poised to become the world’s leading energy provider,” according to the bank. America is already the world’s largest producer of oil and natural gas. The IRA could further enhance its advantage in all forms of energy production, giving it a “competitive advantage in low-cost clean electricity and hydrogen production, infrastructure, geologic storage, and human capital,” the report states. By 2029, U.S. solar and wind could be the cheapest in the world at less than $5 per megawatt-hour ( less than 1 cent /kWh), the bank projects; it will also become competitive in hydrogen, carbon capture and storage, and wind turbines. (The law will help America’s battery industry, but the bank doesn’t see the U.S. becoming the world’s biggest battery producer, given that China already has such a dominant advantage.)
Perhaps rosiest of all was the bank’s view of major risks to the IRA. The bill passed with not even a single Republican vote, but the bank concludes that the GOP is relatively unlikely to repeal the law, even if they take the White House in 2024. That’s because it would hurt their own voters most: “Republican-leaning states are likely to see the most investment, job, and economic benefits from the IRA,” the report claims. Instead, the IRA is most likely to stumble because America still struggles with building out its energy infrastructure: The country might not be able to get government approval to permit enough power lines, green infrastructure, and carbon-injection wells for the law to matter, the bank said. This risk is all the more heightened now that Senator Joe Manchin’s permitting-reform bill—which, for all its flaws, would have clearly allowed for more renewable transmission construction—has failed. Powerful business groups are also lobbying to revise the most transmission-friendly sections from that bill if Congress revisits it.
The Credit Suisse report is truly remarkable. What stuck with me most was this declaration: For big corporations, the IRA “definitively changes the narrative from risk mitigation to opportunity capture.” In other words, companies should no longer worry that they might be unprepared for future climate regulation, such as a carbon tax. They should be scared of missing out on the economic growth that the energy transition (and the IRA) will bring about.
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Credit Suisse Predicts Renewable Energy That Is “Too Cheap To Meter” By 2025
By Steve Hanley
Published 2022 Oct 16
https://cleantechnica.com/2022/10/1...le-energy-that-is-too-cheap-to-meter-by-2025/
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