The Cost of Solar PV Continues to Plummet

The UK has a unique auction process in which the utilities and large electricity customers bid for power, called “contracts for difference.” The concept is not unlike a futures contract, in which sellers who do not (or cannot) take risk with the volatility of energy prices receive a fixed price over a certain period of time, regardless of the actual “spot” price.  This subject is covered in detail in my last book (Bullish on Renewable Energy), though that subject was written by my friend Gary Tulie, whom I gratefully acknowledge.

Here’s a piece published in Bloomberg, the main point of which is that energy generated by solar PV is very close to parity with other sources.

The pic above is what I see on our Skype calls.  The pic below is Buckinghamshire (just northwest of London), where Gary is lucky enough to reside.  More than a little picturesque.