“Market prices were kept low and highly competitive by improved hydro-electric conditions, moderate loads and the addition of about 2,300 megawatts of summer capacity — consisting mostly of solar generation.”
– From a market report by California’s grid operator showing that wholesale power prices fell 9 percent in 2016, spurred by a decline in natural gas prices, improved hydropower conditions and about 1,900 megawatts of new peak summer generating capacity from solar resources,
“Our statutory duty is to produce electricity at the lowest feasible rate. … We weren’t trying to comply with the Clean Power Plan or anything else. What’s the cheapest way to serve the customer? It turned out to be retiring those coal plants.”
– Tennessee Valley Authority CEO Bill Johnson on how little Donald Trump’s pro-coal policies are likely to affect his utility’s plans. TVA is on track to retire five of its original 11 coal-fired power plants by the end of 2018.
New wind turbines are “the most cost-effective way to meet our anticipated energy needs of our own customers.”
– PacifiCorp spokesman Bob Gravely on his company’s plans to spend $3.5 billion on 2,000 megawatts of new and upgraded wind turbines, mostly in Wyoming, over the next 20 years.
“We’re doing it primarily because it’s the cheapest energy resource we can buy now, even lower than our coal generation.”
– Xcel Energy spokesman Wes Reeves, explaining the utility’s decision to invest $1.6 billion to build two large wind farms in eastern New Mexico and West Texas over the next three years, which will lower costs and save customers in those states about $2.8 billion over the next three decades.
“This would save us money, and that will eventually hit our ratepayers’ pocketbooks in a good way.”
– Hannibal, Missouri public works manager Robert Stevenson on the city’s approval of a contract to meet up to 20 percent of its annual electricity needs with wind energy, saving the city $720,000 a year in energy costs. The deal is predicated on the completion of the Grain Belt transmission line, which would carry wind from Kansas eastward.
“The rapid pace of renewable energy deployment accelerated, consumption and export of domestic natural gas hit record levels, and the economy grew more energy-efficient than ever. In the face of all this change, Americans are enjoying lower energy bills, directing less of their household income to energy spending than at any other time” since such records began 60 years ago.
– From a Bloomberg New Energy Finance report on falling consumer electricity costs.
“In California, we’re blinding ourselves to the facts, We’re awash in power at a premium price. … The winners are the energy companies. The losers are businesses and families.”
– Loretta Lynch, former president of the California Public Utilities Commission, arguing that allowing utilities to dramatically overbuild natural gas power plant capacity has left consumers paying far more than the national average for electricity.
“I really think it’s going to get to the point where if you get a ‘normal’ roof, it’s sort of odd. It’s going to be, ‘Of course you’d get a solar roof. … Why would you get anything else?’ ”
– Tesla and Solar City CEO Elon Musk, commenting in an interview on CNBC about his company’s recent unveiling of attractive roofingshingles that are integrated with solar panels.