- Sep 11, 2019 4:13 am GMT
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As renewable costs plunge, plans for new natural gas plants are under fire. By 2023, the U.S. Energy Information Administration estimates the average cost of producing a megawatt hour of electricity will be $40.20 for a large-scale natural gas plants. On the other hand, solar installations are projected to be $2.60 cheaper and wind turbines $3.60 cheaper. According to the Rocky Mountain Institute, building clean energy alternatives is key, environmentally and financially. Will cheaper renewable energy sources soon challenge natural gas production costs? How is your utility responding to the numbers?