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United States

Only gas left to beat

Wind remains cheaper than nuclear, continues to look coal in the eye and is still closing the gap on gas. The headline conclusions of our annual analysis of power generation costs are not the stuff of theory. A coal-based utility in the Northwest US is factoring wind into its planning because it is both cheap and reliable compared with other resources (page 23).

The strong trend is for wind costs to keep on falling. What's more, new operation data for offshore wind power is now revealing that wind generation at sea is well on track to be fully competitive with gas by as early as 2010.

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