{"id":44934,"date":"2016-03-09T10:07:08","date_gmt":"2016-03-09T15:07:08","guid":{"rendered":"http:\/\/planetsave.com\/?p=44934"},"modified":"2016-03-09T10:07:08","modified_gmt":"2016-03-09T15:07:08","slug":"hydropower-costs-renewable-energy-hydroelectricity-costs-vs-renewable-fossil-costs","status":"publish","type":"post","link":"https:\/\/planetsave.com\/articles\/hydropower-costs-renewable-energy-hydroelectricity-costs-vs-renewable-fossil-costs\/","title":{"rendered":"Hydropower Costs | Renewable Energy Hydroelectricity Costs vs Other Renewable & Fossil Costs"},"content":{"rendered":"

Hydropower costs reportedly equal\u00a0the lowest levelized price of electricity compared to all major renewable energy and fossil fuel sources.<\/p>\n

This clean electricity source is regarded as the most mature, reliable, and cost-effective renewable power generation technology available in the world. Hydropower<\/a> operations usually have flexibility in their design as well and can be structured to meet baseload and peak demands.<\/p>\n

\"hydropower<\/a><\/p>\n

World Hydropower Electricity Production<\/h3>\n

Hydropower produces around 16\u2009% of the world\u2019s electricity and over 80% of the world\u2019s renewable electricity.<\/p>\n

Currently, more than 25 countries in the world depend on hydropower for 90\u2009% of their electricity supply (99.3\u2009% in Norway), and 12 countries are 100% reliant on hydro.\u00a0Hydropower also produces a large share\u00a0of electricity in 65 countries and is used at some level by more than 150 countries. Canada, China, and the United States have the largest hydropower generation capacity.<\/p>\n

According to the International Renewable Energy Agency (IRENA)<\/a>, hydropower is the most flexible source of power generation available. It is also capable of responding to demand fluctuations in a short time sequence.<\/p>\n

“Although other plants, notably conventional thermal power plants, can respond to load fluctuations, their response times are not as fast and often are not as flexible over their full output band. In addition to grid flexibility and security services (spinning reserve), hydropower dams with large reservoir storage be used to store energy over time to meet system peaks or demand decoupled from inflows. Storage can be over days, weeks, months, seasons or even years depending on the size of the reservoir.”<\/em><\/p>\n

The National Hydropower Association\u00a0(NHA)<\/a>\u00a0highlights that hydropower generation benefits consumers through lower electricity costs. States in this country getting the majority of their electricity from hydropower include\u00a0Idaho, Washington, and Oregon. On average, residents there\u00a0have energy bills which are lower than the rest of the country. Relying only on the power of moving water, hydro prices don\u2019t depend on unpredictable changes in fuel costs.<\/p>\n

When evaluating cost factors, hydropower shows the lowest levelized cost of electricity across all major fossil fuel and renewable energy sources. In addition, it actually costs less than energy efficiency options, according to a recent study from Navigant Consulting and the American Council on Renewable Energy (ACORE).<\/p>\n

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LEVELIZED COST OF ELECTRICITY FOR VARIOUS POWER AND ENERGY EFFICIENCY OPTIONS, \u00a2\/KWH — National Hydropower Association<\/figcaption><\/figure>\n

The above chart shows the relatively low cost of hydro in terms of maintenance, operations, and fuel costs when compared with other electricity sources and across a full project lifetime. For hydro projects, a longer lifespan (the Navigant study assumed 50 years) means not only are costs spread across a longer timeframe but also takes into account that the power generating equipment used at these facilities can often operate for long periods of time without needing major replacements or repairs.<\/p>\n

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Annual Operations & Maintenance Costs<\/h3>\n

The IRENA study concludes, \u201cHydropower is the only large-scale and cost-efficient storage technology available today. Despite promising developments in other energy storage technologies, hydropower is still the only technology offering economically viable large-scale storage. It is also a relatively efficient energy storage option.\u201d<\/p>\n

IRENA reports average investment costs for large hydropower plants with storage typically range from as low as $1,050\/kW to as high as $7,650\/kW, while the range for small hydropower projects is between $1,300\/kW and $8,000\/kW. Adding additional capacity at existing hydropower operations or existing dams that don\u2019t have a hydropower plant can be significantly cheaper, and can cost as little as $500\/kW.<\/p>\n

New technologies are also viewed as holding tremendous promise for further hydropower development, including marine and hydrokinetics.<\/p>\n

Installed project costs \u2013 as opposed to levelized electricity costs \u2013 also need to be considered regarding hydropower. There is no standard, based on the various types and sizes of hydro projects and\u00a0number of technologies deployed.<\/p>\n

Hydropower Facts<\/h3>\n

Via the Wisconsin\u00a0Valley Improvement Company<\/a>:<\/p>\n