Quote:
Originally Posted by WarrenC12
Interest rates are creeping up, hopefully not too much more.
I thought the original $8B pricetag showed approximately 12-15c/kWh wholesale pricing for 50 years in today's dollars. That's quite expensive vs. what current dams provide. Hydro is it's own battery and certainly very flexible there. But if the price of the dam has increased and we're pushing 20c/kWh to breakeven, you really need to reconsider whether this is worthwhile.
One thing that does perplex me is that electricity demand in BC seems relatively flat. BC Hydro keeps predicting future demand increases, but they have yet to materialize. Electric Vehicles should provide some of that increased demand, but who knows... especially if residential prices continue to increase at double the rate of inflation, there will be serious conservation efforts.
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Like I say 84% of our energy use in BC is fossil fuels. Replacing any significant portion of that means huge amounts of electricity.
If we want to hit any meaningful climate goals, you need more electricity.
Conservation can only take you so far before you hit diminishing returns and sacrificing useful economic activities. Replace all lighting with LEDs, insulate houses like mad, replace baseboards with heat pumps, etc. Then what? Hope more disruptive technology develops really soon? Fusion?
Everything I've seen was more like $60MWh ($0.06/kWh) for costing.