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From the recent report by UKERC (see the "launch presentation" link)
Note that GBP costs look worse because of the fall in the GBP/EUR rate 2 years ago, as most of the costs for offshore are denominated in EUR (or DKK, basically the same thing) Wind power
So wind power prices have actually increased substantially less than that of other sources Wind power
I'm imagining that it's the former, but......
I'm puzzled why the cost of coal fired power increased so rapidly, while combined cycle gas turbine (CCGT?) didn't?
Does this include some sort of carbon tax in the calculation? And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
At least with pricing carbon capture investments. In terms of infrastructure to actually sequester the carbon, not a carbon tax.....
I'm not so sure that they've brought fuel costs into the analysis.
As you pointed out someplace else (forgot where) part of the beauty of wind farms is that the long term fuel cost is locked in, because its free. No price volatility.
One of the things that I've noted looking at European vs US electricity markets is that there's less of a spread between residential and industrial rates.
I wonder how that plays into the expansion of the industry.
If industrial users are guaranteed a lower rate that means that they have less incentive to seek out deals that allow them to lock in costs in the long term. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
There's quite a spread as far as industrial electric prices relative to residential rates.
And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
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