source: March 16th Financial Times
With power prices around €50/MWh in Europe currently, solar is costing consumers around €60bn more than they otherwise would have paid for electricity. We calculate a German household is now paying €130 in annual solar subsidies and rising rapidly. We fear an increasing backlash against overly generous subsidies.Especially given limits on the share of electric generation from renewables, the same writers said last Fall that coal remains "crucial . . . in the energy mix":
Coal is 'cheap' and abundant. The world's coal reserves are not expected to run out for another 120 years. . . Coal is also available from less politically unstable countries than gas and oil.Agreed.
(via reader Marc)