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by belorn 2475 days ago
Talking about cost efficiency in power production is impossible as long as the default option is that we will burn fossil fuel when the power grid request more power than is being produced by other sources.

The most cost efficient way today is to use renewable sources like wind and solar when they produce, and natural gas when they don't. Gas powered generators can on demand easily be turned on or off, and pipe lines makes the import/export very cost effective so it can reach the target market quickly with minimal costs. The combination also allow for partial build up and short time between investment and revenue, while nuclear plants have all the cost up front and take long time to build.

It should not be a major surprise that many new natural gas power plants is currently being built in the US, and in the rest of the world. If I read the articles/numbers correctly it is the most common type of new power plants being built, with the second most common being wind in areas where wind expect to be profitable.

The good news is that natural gas is also replacing coal and oil. The bad news is that they are replacing nuclear. Natural gas is about half as dirty as coal, but half as dirty as coal does not sound that great of a replacement for nuclear.