There is, however, this idea that electricity provision is about creating more jobs and cutting emissions. (If you think about it for a second, you will see how that idea goes hand in glove with higher electricity rates. Hint: labor is a cost.)
Here’s why: solar and wind can produce electricity at peak capacity for only a fraction of the time. That means their benefit of reducing CO2 emissions only occurs a fraction of the time. The rest of the time they are imposing huge costs.
What are the least expensive ways? Natural gas and nuclear. The following charts are from the report: