Big Batteries Are Taking a Bite Out of the Power Market
Batteries charged by renewable energy are nibbling at power plants that generate extra surges of electricity during peak hours
By Russell Gold
Feb. 12, 2018 5:30 a.m. ET
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Overall, it still generally costs 35% more today to provide extra power via a battery compared with a conventional peaker plant, according to energy analysts at SSR LLC. But they estimate that batteries will be less expensive by 2024. Batteries, they add, are better suited to replace peaker plants in warmer areas than in colder climates, where winter peaks can last for longer than four hours.
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The American Petroleum Institute, a lobbying group that represents natural-gas producers, applauds batteries but believes they should compete on a level playing field. Storage projects, when paired with renewable energy, currently qualify for a 30% federal investment tax credit, which was left intact in the recent tax overhaul.
“It appears that battery technology is now ready to compete in the market. This means the financial support provided by governments intended to encourage the development and deployment of the technology can be eliminated,” an Institute spokesman said.
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The Gooferment should not have special tax breaks for their “favorite” Crony Capitalists.
In this case, let solar power stand or fall on its own merits.
Look at the computer marketplace, the “invisible hand” of the truly free market will deliver benefits to everyone without help from the politicians and bureaucrats taking a cut.
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