Utilities donít like wind not because itís not competitive, but because it brings prices down for their existing assets, thus lowering their revenues and their profits. Thus the permanent propaganda campaign against wind. The reality is that wind power brings prices down for consumers.
Implicit in the article, and the headline (which focuses on lower revenues for RWE, a big German utility) is the worry that wind power will bring down the stock market value of the big utilities Ė which is what the readers of Bloomberg et al. care about.
But despite the generally negative tone of the article, itís actually a useful one, because it brings out in the open a key bit of information: wind power actually brings electricity prices down!
Wind's Latest Problem: It Makes Power Too Cheap | The Green Economy Post: Green Careers, Green Business, Sustainability
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