Monday, December 14, 2009

Energy costs

Currently, these are the approximate costs for the following energy sources (in cent/kilowatt hours):

solar - 18
crude oil - 10
natural gas - 7
wind - 6.5
geothermal - 6.5
coal - 4.5
nuclear - 4.5
hydro - 4.5

Geothermal energy generation is impervious to weather conditions (it doesn't require wind or sunshine) so power generation can occur 24 hours, 7 days a week. Energy loads are more predictable and efficient, and geothermal energy plants require less capital cost. Since geothermal energy is already economically feasible, it doesn't need government subsidies to remain viable. However, our government needs to provided more incentives to tap into this ultimate green energy source.

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