Wind $26-$54 Nuclear $129-$198
Wind power producers should be required to buy some kind of base load generation credits.
We are still far from the point where we have enough wind that any of it goes unused.
Also what is the cost of storing that energy? It's so much cheaper to generate it might still come out cheaper.
This is apparent looking at how much energy prices change throughout the day / month based on usage and cost of production, and how predictable those changes are.
If storing energy were cost effective you could make a killing buying low and selling high on the national grid.
>If storing energy were cost effective you could make a killing buying low and selling high on the national grid.
Maybe not a killing but you could make $$$ yes. This is starting to happen.
Doubt. Weather systems/patterns are often extremely large.
> Also what is the cost of storing that energy?
Insanely high compared to the cost of producing it.
For one common naive case: Storing the energy in Li-Ion batteries in e.g. a Tesla Powerwall: $437/kWh.
How did you come up with that number? Total cost of the battery divided by its capacity?
Since you do not dispose of the battery upon first discharge, the true cost should be amortized across the thousands of cycles it would go through during its lifetime.
Batteries are still far from economical in many situations, but there are many situations where they now make sense. They are also getting cheaper all the time, and as they do, so will the range of applications increase.
