The Wind Industry: After 30 Years, It’s Time to Remove the Training Wheels

STOP THESE THINGS

training-wheels The wind industry has been telling us it can ditch them for 30 years …

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At an economic level, subsidising the production of a good or the provision of a service makes sense where there is complete market failure, such that the good or service will never be supplied (or only at a price which is practically un-affordable to the majority of consumers); and where the total benefit to the welfare of consumers equals the cost of the subsidy.

As to the supply of electricity, there is NO market failure; affordable power is available around-the-clock in all developed economies; and has been so for half-a-century or more. So that point of ‘justification’ for endless wind-welfare goes nowhere.

Short of true ‘market failure’, another potential justification for subsidies paid to producers is where an ‘infant industry’ needs a ‘kickstart’ to get going. The argument is that the ‘new’ industry will…

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