by Jerome a Paris
Sun Jul 1st, 2012 at 05:55:06 AM EST
At least, the boss of RWE, the big German utility, says so:
'The Nuclear Power Chapter Has Come to an End'
Terium: The impact of current political decisions and market changes extends far beyond Germany. The large amounts of wind and solar energy that are being fed into the grid, together with the economic crisis, have led to a sharp decline in electricity prices.
RWE actually calls that "price cannibalisation" (not in this interview, but in public presentations at conferences), underlining how the main effect of wind is not to increase prices for consumers (an effect they exaggerate, focusing only on the gross cost of the support regimes for renewables), but a re-allocation of the revenues away from them - something which they understandably do not appreciate much.