Economics

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Amongst the renewables the price of hydro has risen by 30% in Norway because of water shortages. This may push up electricity prices in the rest of Scandinavia, which, in turn, would push up the price paid for wind as this is legally set as a percent of selling price. Hydro globally is becoming scarce, but some large schemes are still being developed, mainly in the Far East. The downturn in nuclear build (Windpower Monthly, January 1996) -- has been confirmed. As for thermal plant, the prices of gas, coal and of generating plant is falling, so electricity prices generally are falling.

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