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Economics

On sites with good average wind strengths, electricity from wind power can now be produced at a price which is often competitive with the conventional technologies -- gas, coal and nuclear. This was the conclusion of our exclusive "like-for-like" analysis of electricity costs two months ago (Windpower Monthly, February 1999). The decline in the growth of demand for oil has oil prices down to their lowest level for many years. Although some recovery in oil prices is expected by the turn-of-the-century, it is by no means certain that there is any mechanism in the supply and demand balance which will cause this to happen. Oil supplies and prices are regarded as too uncertain by most electricity generators, so the principal fuels in the electricity industry are generally coal and gas

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