Thursday 2 July 2015

Better late than never - Minister sees sense



The commercial success of onshore wind means that we are now at the point where a gradual move to a more market based support for the technology is appropriate - Alex White, Minsiter for Energy, 26th May 2015.

2 comments:

  1. The Minister is mistaken if he believes subsidies can be removed and the wind electricity industry remain financially viable Export prices over EWIC vary from €.6 per megawatt to €0.0 per megawatt hour. The spot market prices in Denmark for January 1st and 2nd January varied from between €30.00 per megawatt hour to -(minus)€30.00 per megawatt hour. The average being €6.77 per megawatt hour ignoring transmission costs. The market value of one megawatt of electricity is usually around €45 to €50.00 per megawatt. The wind electricity industry is going to become a giant charity selling electricity below cost and stay in business without subsidies. I do not think so.

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    Replies
    1. Well of course one could argue that the fuel costs for wind farms are zero so they should be capable of selling below other generators selling price..........

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