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Calling a bluff
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The FT is reporting some new research by investment bank Lazard, which claims that in some parts of the US wind and solar are now cost-competitive with gas fired power.
Costs have fallen and efficiency has risen for solar panels and wind turbines, the investment bank found, to the point that in areas of strong wind or sunshine they can provide electricity more cheaply than fossil fuel plants.
I asked Ed Crooks, the author of the article, whether this wasn't just levelised costs rearing their ugly head again. He confirmed that it is, but argues that the impact of intermittency is low.