NewEnergyNews: EU WIND BEATS FOSSIL, NUKE ENERGY PRICES

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    Friday, October 17, 2014

    EU WIND BEATS FOSSIL, NUKE ENERGY PRICES

    Wind power is cheapest energy, EU analysis finds; Onshore windfarms far cheaper than coal and gas when health impacts are factored in, report shows

    Arthur Neslen, 13 October 2014 (UK Guardian)

    “Onshore wind is cheaper than coal, gas or nuclear energy when the costs of ‘external’ factors like air quality, human toxicity and climate change are taken into account…[Subsidies and costs of EU energy; An interim report for the European Commission (EC)] says that for every megawatt hour (MW/h) of electricity generated, onshore wind costs roughly €105 (£83) per MW/h, compared to gas and coal which can cost up to around €164 and €233 per MW/h, respectively…Nuclear power, offshore wind and solar energy are all comparably inexpensive generators, at roughly €125 per MW/h…[The EC] published results that did not include external health and pollution costs…These showed that renewable energy took €38.3bn of public subsidies in 2012, compared to €22.3bn for gas, coal and nuclear. The EU did however note that if free carbon allowances to polluters were included in the data, it [would reduce the difference]…The figures for the energy sources in the report are all approximate, as the bar chart listing them is counted in units of €25 MW/h…” click here for more

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