Quote:
Originally Posted by roger1818
I certainly never meant to imply that the peak demand wouldn't go up, just that it won't go up as much as some like to imply. Certainly additional capacity will be required. Though hopefully we can find ways to reduce that through more efficient use of energy (like increased use of trains and transit to try and keep this post on topic).
You do realize that that chart is over 10 years old. The Levelized Cost of Energy (LCOE) of wind (and even more so for solar PV) has dropped significantly in the past decade as shown in the chart below. I am not convinced that the LCOE of hydro has gone down at the same rate (if at all) as it is a very mature technology and hasn't benefited from mass production the way wind turbines and solar PV have.
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Not sure how you get the ~32% ish oil slide of the energy pie out of the equation and not expect electricity consumption to spike.
Cost reductions have also levelled out for both wind and solar.
Also, LCOE generally removes the cost of storage.
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