The price of success

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So successful at price-squeezing is Britain's competitive market for renewable energy -- forced into being within the framework of the highly bureaucratic Non Fossil Fuel Obligation -- that contracts are being offered this month to buy wind power at less than five cents a kilowatt hour. But are these prices realistic, or simply a result of the wild card bidding that NFFO encourages? The pressure is now on the wind industry not only to deliver on its promise, but also to squeeze enough cash from the narrow margin of profit enforced by NFFO to continue research and development of products for the future.

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