Posted by Leonard Steinberg on February 10th, 2013

In the wake of soaring temperatures that made it impossible for some residents  in the Australian outback to pump gas, really good news is coming to the energy market….just in time for Obama’s State of the Union Address possibly where the likelihood of green energy talk is almost a certainty.  A report by Bloomberg New Energy (BNEF) found that unsubsidized  renewables are now cheaper sources of electricity than newly built gas or coal  plants. The team also projected that new wind farms could supply electricity at  $80 MWh compared to $143 MWh for coal and $116 MWhr for new gas-fired plants.  The rates account for carbon emissions, but even without CO2 numbers wind would  still be 14% cheaper than new coal and 18% cheaper than new gas.