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is required. As long as the fossil-fuel plants are needed in order to balance the intermittency of renewables, they are going to be sub-optimal at best in terms of profitability. In private hands, that adds up to a powerful lobby which will militate against the public good.

So nationalise them.

Or is some sort of compulsory cross-ownership to be preferred? Regulation which would impose all fossil-fuel generators to also own an equivalent amount of renewable capacity? That might work. The market for wind parks in Germany seems fairly mature and liquid.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Tue Mar 26th, 2013 at 08:29:57 AM EST

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