The University of Texas Energy Institute has just released a definitive study showing that natural gas and wind generators provide the cheapest electricity when the total direct and indirect costs of
generating and delivering electricity is considered. Researchers used data from existing studies to enhance a
formula known as the Levelized Cost of Electricity (LCOE). They included public health impacts
and environmental effects and they used available data to calculate
county-specific costs for each technology.
"Natural gas and wind are the lowest-cost technology options for new electricity
generation across much of the U.S. when cost, public health impacts and environmental effects are considered, according to new research released today by The University of Texas at Austin". UT Energy Institute
The full report is available at the link as well as online tools the team developed to facilitate a discussion among policymakers and others about
the cost implications of policy actions associated with new electricity generation.
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