If Wind and Sunshine are Free, Why Is It That Wind & Solar Power Are So Expensive?

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STOP THESE THINGS

Facts tend to flummox renewable energy zealots, especially the way adding wind and solar sends power prices into orbit (see above). After all, they keep telling us that the wind and sun are absolutely free, and getting cheaper all the time.

Here’s America’s top green, Michael Shellenberger taking an axe to another RE furphy.

A question that gives pause: If Solar And Wind Are So Cheap, Why Are They Making Electricity So Expensive?
Watts Up With That?
Michael Shellenberger
16 May 2018

Over the last year, the media have published story after story after story about the declining price of solar panels and wind turbines.

People who read these stories are understandably left with the impression that the more solar and wind energy we produce, the lower electricity prices will become.

And yet that’s not what’s happening. In fact, it’s the opposite.

Between 2009 and 2017, the price of solar…

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June 1918: The High Tide

Almost Chosen People

Looking at a map of the Western Front a hundred years ago would have been depressing for a supporter of the Allied cause.  The Germans were only 39 miles from Paris, and they had made huge gains in Flanders and Northern France since the beginning of the year.  However, the German losses in assault troops were immense and the momentum of the offensives could not be maintained long enough to prove decisive.  This week a hundred years agp the Germans would begin Operation Gneisenau and make an impressive gain of nine miles along the Matz River.  An impromptu French counter-offensive at Compiegne on June 11 under French General Charles Mangin, however, brought the German offensive to an abrupt end after two days.  The Germans had one more offensive scheduled for July 1918.  If that did not bring them victory, the fortunes of war would swing to the Allies.

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Understanding Jevons Paradox is as critical…

The Jevons Paradox tells us that improvements in fuel efficiency can lead to more consumption of fuel, and its logic goes beyond tougher vehicle-emissions standards. It also suggests that low-tar cigarettes can increase the prevalence of lung cancer and that low-calorie snacks might actually make people fatter.

Mostly Economics

Edward Glaeser of Harvard has a nice post in NYT Economix Blog.

Jevons Paradox says that certain policies which try and prevent a behavior can lead to more of that behavior.

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Off the top of the Governor’s head

Distrubing gap in knowledge at the Bank.

croaking cassandra

From a post a couple of weeks ago, just after the release of the Reserve Bank’s Financial Stability Report.

In a similar vein, I noted a story on Newsroom this morning, reporting the Governor’s appearance at the Finance and Expenditure Committee yesterday.  He was reported thus

But he told the select committee he would much rather the Reserve Bank, as banking regulator, could trust banks and borrowers to be prudent.

“I would love to not have to be active in that space. If banks had true long-term horizons, if the consumers were fully aware and myopia didn’t exist across borrowers, all the different foibles that people have, then you wouldn’t need the regulatory imposts.”

Talk about “nanny state” –  the Governor wishes he could trust us.  I wish we could trust him and his colleagues.

But, more specifically, the Governor here asserts again that banks are too short-term in their…

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AT&T-Time Warner merger approved

Truth on the Market

AT&T’s merger with Time Warner has lead to one of the most important, but least interesting, antitrust trials in recent history.

The merger itself is somewhat unimportant to consumers. It’s about a close to a “pure” vertical merger as we can get in today’s world and would not lead to a measurable increase in prices paid by consumers. At the same time, Richard J. Leon’s decision to approve the merger may have sent a signal regarding how the anticipated Fox-Disney (or Comcast), CVS-Aetna, and Cigna-Express Scripts mergers might proceed.

Judge Leon of the United States District Court in Washington, said the U.S. Department of Justice had not proved that AT&T’s acquisition of Time Warner would lead to fewer choices for consumers and higher prices for television and internet services.

As shown in the figure below, there is virtually no overlap in services provided by Time Warner (content creation and broadcasting)…

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