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The recent plummet of the natural gas spot price to a 28-month low has stirred discussion about implications for renewable energy—the majority electrical generating component in RMI’s vision of the 2050 U.S. energy economy.
Natural Gas Boom Won't Stall U.S. Renewables
Seeded on Thu Feb 23, 2012 10:49 AM EST
Article Source: rmi.org - By Dan Self- Enjoy this article? Help vote it up the 'Vine.
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Solar PV Boom
A boom is projected to accelerate in distributed solar photovoltaic (PV) development, which is less affected by low natural gas prices. While utility-scale renewable generation must compete against wholesale prices, distributed renewable installations such as solar panels on a factory roof compete against retail power rates. Those projects generate electricity used on site and reduce that business's bill at the higher retail rates, which on a national average continue to rise despite falling wholesale prices.
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