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Economics

Power marketers are now using investments in wind plant as a hedge against gas price volatility -- a development described by AWEA's Randy Swisher as a "fundamental shift in the way electricity suppliers are looking at the market for generation." Wind prices are fixed over the lifetime of the generating facility. They are also dropping. Authorities differ as to how rapidly prices will fall, but most suggest that generation costs from wind will start to undercut those from gas, in most locations, by around the middle of this decade. Indeed, there are some high wind speed regions where wind is already the cheapest generating option.

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