Carbon Capture ‘Would Send Electricity Prices Soaring’
Wholesale electricity prices would soar from 70 percent and 80 percent with carbon capture and sequestration (CCS) at coal-fired power plants, according to the Energy Department.
According to Bloomberg News, Julio Friedmann, deputy assistant secretary for clean coal at the Energy Department, told the House Energy and Commerce Oversight and Investigations Subcommittee the first generation of CCS technologies have a captured cost of carbon dioxide of between $70-90 per ton for wholesale electricity production. He said a second generation of technologies could drop that cost to $40-50 per ton.
Friedmann said the overall impact on electric prices would depend on the size and type of power plant installing the technology.
EPA standards to regulate carbon dioxide emissions for new power plants would require the use of CCS technologies. Many lawmakers and utility groups say the technology isn’t commercially feasible and would make it impossible to build a new coal power plant in the US
Energy Manager News
- Energy Storage: It’s About the Software
- MIT Develops Promising New Battery Storage Technology
- India Launches Net-Zero Building Portal
- Companies Cooperating on Waste-to-Energy Projects
- Clean Energy Commitment in the Corporate and Local Small Business Sphere
- Xcel Asks for $90M ‘Switching Fee’ If Lubbock Utility Joins ERCOT
- EDF Sending 127 Climate Corps Fellows to 100 Organizations
- Capegemini, Siemens Working on Analytics Platform