At $0.79 per MWh (3/4 of a cent per kWh), yesterday was the cheapest daily average price for electricity in Alberta's power market history.
By a wide margin!
(And these are nominal prices, unadjusted for inflation...)
In 2024, investment is solar PV is set to grow to $500 billion, leading the transformation of the power sector
More money is now going into solar PV than all other electricity generation technologies combined
Learn more ๐ iea.li/3zxRsuC
When in Liverpool, itโs important to drop by Sir Paul McCartneyโs childhood home, where so many legendary Beatles songs were written, and admire the solar PV system 2 houses down
When we @pembina proposed a coal phase out in Alberta in 2009 all we were told was why it couldnโt be done. Our biggest mistake was saying it would take longer than it did.
Today, utility-scale batteries paired with solar PV are already competitive with new coal plants in some countries like India
In just the next few years, batteries solar will be cheaper than new natural gas plants in the US & new coal in China ๐ iea.li/3KeM9m3
Since 2010, battery costs have fallen by more than 90% โ offering opportunities to cut emissions in road transport & electricity
In 2023, electric car sales rose to almost 14 million. And battery storage deployment in the power sector more than doubled ๐ iea.li/3KeLWzh
The pace of the transition to EVs will hinge on their cost
In China, more than 60% of electric cars sold in 2023 were already cheaper than conventional equivalents
Competition & innovation are expected to bring down prices in other major markets ๐ iea.li/3JGhzkS
Battery manufacturing capacity has more than tripled in the last 3 years
Completing all announced projects would be enough to meet demand to 2030 on our net zero path
But manufacturing is concentrated in only a few countries, creating supply chain risks: iea.li/4aQcy5g
In 2024, natural gas generation on an average April day in California hit a 7-year low.
This is a significant trend reversal from what we saw from 2021 to 2023 in CAISO.
Since 2010, battery costs have fallen by more than 90% โ offering opportunities to cut emissions in road transport & electricity
In 2023, electric car sales rose to almost 14 million. And battery storage deployment in the power sector more than doubled ๐ iea.li/49Xo910
Interesting to see the different solar farm designs (tracking vs. high DC:AC) and their different levels of performance during partial eclipse in Alberta
.@theAESO has directed EPCOR to help manage power consumption in the province. Rotating outages are now in effect in #yeg. Our online outage map will be updated as outages happen, and we encourage you to visit outages.epcor.com to see current information.