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Wind power as a cost-effective long-term hedge against natural gas pricesBerkeley CA (SPX) Mar 11, 2013 Expanding production of the United States' shale gas reserves in recent years has put downward pressure on natural gas prices across the nation, prompting massive fuel-switching from coal- to gas-fired generation. Though arguably a near-term positive for both consumers and the environment, this "dash for gas"-and, specifically, its corresponding suppression of wholesale power prices-has made it harder for wind and other renewable power technologies to compete on price alone (despite recent improve ... read more |
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