Wind Power Is The Cheapest Source Of Electricity

- Sep 04, 2017-

China's energy storage net news: recently, the U.S. department of energy (DOE) released its annual "wind power technology market report, it will be a lot of data together to track trends such as wind power cost, performance and growth conditions.

Report found that the energy will continue to become one of the lowest cost of power production technology can be obtained, through the power purchase agreement available long-term wind power price was worth only half of the cost of a natural gas power plants.

In addition, from natural gas and the fierce competition in the solar energy is to promote wind power industry to achieve even lower prices and higher performance, the method is to develop a larger turbine to maximize production capacity, even in the wind did not achieve the optimal area.

The full price of wind energy is directly dependent on wind speeds in specific locations, and the cost trend analysis of wind power in the United States shows that wind power has become a very low source of electricity.American consumers pay an average of 12 cents per kilowatt hour.The price includes the cost of electricity generation, transmission from generators to households, and the cost of running a power company.The actual cost of generating electricity alone is about 2 to 4 cents per kilowatt-hour, which is where wind power needs to compete successfully.

Based on the data in the report, wind energy prices remain at or below market prices.Wind energy is usually bought on a large scale by a long-term contract to buy electricity (PPA).The report shows the historical price of the wind power PPA contract since 1996, the size of the mega watt wind farm and the contract price per 1,000 kilowatt hours.

According to the report, wind power in the United States has been at or below long-term natural gas prices since 2011.In recent years, the price of wind energy produced in the United States has been less than $20 per megawatt, or less than two cents per kilowatt-hour.This is in sharp contrast to the typical wholesale electricity market.