Hide & Seek: Market Distorting Subsidies Conceal True & Staggering Cost of Renewables

That’s it – very high performance by the thermal fleet is keeping wind and solar to be a total disaster. Wind and solar need backup the full cost of which needs to be put on top of the cost of them. They never do that. They rely on the hidden subsidy of the rest of the fleet picking up when they cant perform. Just put that on top of your mind – the backup could be the primary generation solution and is able to stand alone. Their entire CAPEX and OPEX stand alone – but in case of renewables, it comes on top of their CAPEX and OPEX. How can this ever be cheaper than they themselves? You want wind and solar? Fine, but then pay up and be honest about it.

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