It’s official. Wind power is now cheaper than natural gas-fired power.
Others have been saying this for some time, but I’ve been holding out. Now I’m convinced.
The Idaho Power Company, as I noted here, is not prone to being swept up in wishful green thinking.
So it moves me to see the following quote from Karl Bokenkamp, general manager of power supply planning at Idaho Power in this month’sCon.WeB:
"Based on our analysis, and our assumptions for future natural gas prices, we expect the 30-year levelized costs of wind and geothermal projects to come in under the 30-year levelized cost of new [gas-fired] combustion turbine projects."
Translation: Wind and geothermal are now cheaper than gas.