In a competitive market, coal is more expensive than both solar and wind.
In 2001, Texas created a competitive electricity market in that the least expensive resources go on the grid first. At that time, wind supplied less than one percent of Texas’ energy. As of 2018, 20 percent of the market is wind power. With technology and increased production lowering the cost of renewables, there are less arguments, than ever before, for the steady destruction of mountainous landscapes created by America’s need for coal.
Due to the competitive market, Texas has retired coal-fired plants, replacing them with natural gas which is significantly less expensive. By the end of next year, wind is expected to generate more electricity for Texans than coal as more plants are retired. However, these retired plants are largely being replaced by more efficient and less expensive natural gas plants. While natural gas beats coal in an environmentally-friendly competition, it is still a fossil fuel.
Texas’ competitive electricity market creates a fairer fight between renewables and fossil fuels when compared to other state and federal energy policies. Still, fossil fuels have an advantage. The hidden costs related to fossil fuel use like the consequences of climate change, explosions during drilling, transportation, spills and leaks, or burning process, and the pollution of land surrounding gas wells, is not included in the price comparisons of natural gas and renewables.
However, there is still hope. As we continue to burn the finite source of natural gas, it will face the same, inevitable dilemma of oil and coal. The low hanging fruit will be harvested, and the remaining sources will be difficult, dangerous, and expensive to gather while the cost of renewable energy continues to plummet. Someday, the market will favor it.
Will the invisible hand of the free market move soon enough? Don’t wait to see. Ease America’s dependency on fossil fuels by making a personal change in your energy source. Contact SolFarm Solar Co to see what you can do to save the planet.