Monday, April 7, 2008

The Cost of Energy

From the blog of Bill Gross:

  • $0.05 per kw/hr — the cost of electricity generated from coal (the dirtiest fossil fuel)
  • $0.10 per kw/hr — the cost of electricity generated from gas (more expensive, but quite a bit better than coal)
  • $0.16 per kw/hr — the cost of electricity generated from solar thermal (many people are working to beat this now)
  • $0.24 per kw/hr — the cost of electricity generated from photovoltaic panels on large scale solar farms (many people are working to beat this too)
  • $0.40 per kw/hr — the cost of electricity generated from photovoltaic panels on rooftops of homes and businesses

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