Sassenach wrote:It's way off being even remotely competitive with fossil fuels and almost certainly never will be anywhere close.
I'm conscious that we've both been making assertions, but neither of us have presented evidence.
I make no claims that these sources are unbiased, but here we are:
Clean energy least costly to power America's electricity needs (Science Codex)In fact—using the official U.S. government estimates of health and environmental costs from burning fossil fuels—the study shows it's cheaper to replace a typical existing coal-fired power plant with a wind turbine than to keep the old plant running. And new electricity generation from wind could be more economically efficient than natural gas.
Cost of electricity by source (wikipedia)There are several comparison made across different energy sources. Looking across them, onshore wind usually has lower total costs than coal, solar, nuclear, biomass and geothermal. It is comparable to hydro, and even cheaper than some types of gas power generation.
The main cost of wind power is the capital cost of setting up the turbines, and that is sensitive to prices of metals and the technology available. Once in place, however, the generation cost is very low, and not related to other market factors much - maintenance costs are the main ones, but turbines powered by steam also take a lot of maintenance, and that is what oil, gas, coal & nuclear stations use.
and finally [url]http://www.irena.org/DocumentDownloads/Publications/RE_Technologies_Cost_Analysis-WIND_POWER.pdf]Renewable Energy Technologies: Cost Analysis Series vol 5/5 - Wind Power[/url] (pdf - 2.3MB) which has a lot of data about the costs and how they may change over time.
I submit that it is not only quite likely that wind will economically compete with fossil fuels, but that it already does.
Sassenach wrote:The biggest gas market change the world has seen in recent years has been the halving of the wholesale gas price in the US thanks to frakking, something the renewables industry is doing its damnedest to try and block in this country.
We would not see the same effect - as advocates of fracking in the UK readily agree, mainly because we have stricter standards in terms of how fracking can operate. This does mean some of the issues like contaminated water are much less likely to appear here.
I'm not sure we can put all of the gas price fall in the US down to fracking. The comparison is often with the peak price in 2007-8 (which we also had, and which we also saw a sharp decline from in 2009 which suggests it was a result of the recession).
Natural gas prices (wikipedia) - see the first graph. The main recent trend was a fall during the recession mirrored in the UK and USA, followed by it being relatively flat in the US while gradually rising in the UK. You could attribute the US price not rising to fracking, or alternatively to it not being connected via Europe to Russia and it's frequent price changes/blackmail.
Sassenach wrote:I have no prblem with a balanced mix of energy, but not at any price. As I said, solar is fine because it has the potential to generate power at a competitive price. I've yet to see any evidence that you can say the same for wind power. The only reason it's being pushed so hard is that it's an extant technology that can be rolled out immediately to help governments hit their arbitrary renewables targets. That's not a sufficient justification for pushing up energy bills.
But does it actually push up energy bills? And does it have to? I've posted enough links for now, I reckon - your turn.
Sassenach wrote:Nuclear has the potential to provide baseload power generation, which you can't say about either wind or solar. That alone makes it more worthy of subsidy than either of them. But sure, if you push me I'll be quite happy to say that we should not heavily subsidise nuclear either. I'd sooner we relied on shale gas for the next 50 years until properly revolutionary technology comes along.
When it comes to subsidies, the main difference between nuclear and wind is that the costs for nuclear are ongoing - after construction there is the cost of obtaining and refining the fuel and then - crucially - dealing with the toxic waste products. For wind the main cost is in the initial capital cost of construction and installation.
I'm not sure fracking is that great a way. Besides, a few miles away from me they are planning a different but by no means less controversial idea - Underground Coal Gasification (UGC) - digging into seams of coal, lighting them up and extracting the resulting gas.