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In addition to the last graph you posted above, I like to flag this one:

which shows that basically only two types of generation capacity have been built over the last decade: gas and renewables (mainly wind, aind increasingly solar).

There are two lessons there:

  • the policy measures put in place for renewables work; these developments are quite remarkable when one considers the significant hostility of the utilities and large chunks of the political world to renewable "subsidies"
  • if left to its own devices, the deregulated European markets would built nothing but gas-fired plants, making a joke of our carbon emission commitments and of our supposed security worries about Russian supplies

Gas power is actually more expensive than wind power, but it is more profitable and less risky in a fully deregulated market environment. So the continued push for deregulation is, quite simply, stupid.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Feb 3rd, 2010 at 10:36:53 AM EST

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