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The argument for green solutions is not just about climate change – traditional sources of power will soon cost more,
The Guardian Economics Blog, Posted on Sunday 21 July 2013,
 Wind turbines, along with other types of renewable energy technology, are
being produced in greater numbers at lower unit cost.
Photograph: Thomas Trutschel/Photothek via Getty Images
No wonder the big energy companies are spooked by the green dream. Have you seen their share prices lately?
Witness npower last week, which warned that green policies will drive a 20% rise in energy bills by 2020. Npower is owned by the German utility RWE. In 2008, RWE's shares traded at a whopping €100 each. Today they are worth less than €20.
EDF and E.ON, which have 5.5 million and 4.8 million UK customers respectively, have seen a similar drop. It's a precipitous 80% fall triggered by investors alarmed at the prospect of losing an effective oligopoly of supply and with it a healthy stream of profits.
These are the companies that want to supply us with natural gas from Norway, liquid petroleum gas from Qatar and electricity from imported coal and oil. Some want to build a new generation of nuclear reactors, though given the parlous state of their share prices, they want massive subsidies and cast-iron guarantees from any government willing to commission them....On the investment side of the fossil fuels one already can spot divestments in Coal, Oil and Gas mining and use. The Nuclear Industries feel the same pressure.
More and more these forms of unsustainable energy lose their market value and are heavily dependent on government subsidies to survive.
The tides are turning !
Ak Malten, Pro Peaceful Energy Use
Energy companies are paying a heavy price for shunning renewables at the Guardian Economics Blog
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Great post sharing information related to compare energy companies
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