I have been challenged by a friend of mine in one of our jolly Facebook banters to provide “peer-reviewed citations” for the proposition that renewable energy is more expensive than conventional energy. This turns out to be surprisingly tricky, not because the proposition is wrong, but because it is hard to put the issue in a nutshell, and even harder to keep it there.
Let me say at once that I am not at all against renewable energy. If I lived on Tristan da Cunha, I might well think that a wind turbine was a great idea.[1] And hydro is great if you happen to live near a large damable river. I have solar panels on my own roof, with a battery in the garage.[2]
So let’s rule out hydro, geothermal, crowding round a lighted match and all the other small players. In the renewables corner, we have solar generation and wind turbines. In the conventional corner, we have burning hydrocarbons (coal, oil and gas). Let’s leave out nuclear as well the time being; we don’t want people getting excited. , geothermal hydro
Even with that simplification, counting the comparative cost of renewables and conventional power is not easy. Are we talking about the cost of Continue reading