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But the article also states: > Wind is even cheaper at the moment because of a tax credit given to renewable energy generation. But that credit is in the proce
by ralfd 7y ago
But the article also states:
> Wind is even cheaper at the moment because of a tax credit given to renewable energy generation. But that credit is in the process of fading out, leading to long term uncertainty in a power market where demand is generally stable or dropping.
Or from the government report itself:
> The magnitude of growth beyond the current PTC cycle remains uncertain, however, given declining tax support, expectations for low natural gas prices, and modest electricity demand growth.
So what is it? Is wind power cheaper or was that a tax subsidy effect?
- Retric 7y agoIt’s subsidized even as it’s still cheaper without the current subsidy. The uncertainty in natural gas prices means that this exact situation is unlikely to hold up over time. Reduced demand for natural gas resulting in lower prices, up to a point.