Quick comparison of renewable energy and fossil fuel prices

The following table is a comparison of 2005 and projected medium-term (2010-2020) costs per energy source, in U.S. cents per kilowatt hour, created by Imperial College London, as quoted by Reuters.

…Some notes have to be added to this projection.

…With ‘Peak Oil & Gas’ being taken more and more seriously, prices may well rise far more quickly and steeply than Imperial College predicts, making alternatives much more competitive. Likewise, uranium oxide prices have skyrocketed over the past two years, now reaching ‘precious metal’ levels, at US$85/pound for U308. The medium term outlook is one of continuously increasing prices.

…Secondly, even though biomass is currently the cheapest of all fuel sources, the researchers did not look at large-scale imports from the tropics.

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