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'Tipping point' for FL solar? Orlando utility buys at under fossil generation prices
http://www.utilitydive.com/news/tipping-point-for-fl-solar-orlando-utility-buys-at-under-fossil-generati/403283/Orlando Utilities Commission (OUC), the city’s electricity provider, signed a 20 year power purchase agreement (PPA) at $0.07 per kWh with American Capital Energy for the output of the 13 MW Curtis Stanton Energy Center, the Orlando Sentinel reports.
The new solar power, the utility reports, costs it less than the $0.08 per kWh cost the company incurs generating electricity from coal and natural gas.
OUC is gradually increasing its holdings in solar as locations become available and the technology advances. Four years ago, it paid $0.19 per kWh for solar from a local plant. OUC’s average retail electricity rate for its 200,000-plus residential customers is $0.10 per kWh.
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