Mexico pulls plug on renewables Endless subsides for intermittent electricity not in the budget

eurasiareview.com ^ | 5/24/2020 | Ronald Stein

[rktman]

Mexican President Andrés Manuel López Obrador won the 2018 election by a landslide. His approach to government spending — even in the face of the COVID-19 pandemic and its economic fallout — might best be compared to that of conservative icons Ronald Reagan and Margaret Thatcher.

Recognizing that industrial wind and solar electricity bring little to no value to electrical grids, Mexico is moving to avoid the higher electrical prices experienced by Germany, Denmark, Great Britain, South Australia, California, Wisconsin, Minnesota, and other governments that have heavily subsidized their supply of intermittent electricity.

The only things ‘inevitable’ about the ‘transition’ to wind and solar are rocketing electricity prices and unstable power grids. As to the latter, the Mexican government has taken a stand that has sent renewable energy rent seekers into a tailspin.

[rktman]

Eurasiareview? Oh well. So, seems to me that lefty president of Mexico and his advisors will be on the receiving end of a nasty "HOW DARE YOU!" phone call from grrrrrreta if the follow through on this. Purty dang obvious to a lot of us. Key comment: "The only things ‘inevitable’ about the ‘transition’ to wind and solar are rocketing electricity prices and unstable power grids." BOOM! Nicely done Presidente Obrador. Now if we could get on board.

[dp0622]

pleasant surprise to read :)

[seowulf]

The one truth Obama ever told us was, “The price of electricity will necessarily skyrocket.”

[dfwgator]

AMLO has actually been a pleasant surprise.

[shove_it]

“Endless subsides for intermittent electricity not in the budget”

What a plan! President Trump take note.

[datricker]

Right? Hopefully he is a grumpy old man who is tired of seeing his nation destroyed by the cartels and the worse impulses of its citizenry. Mexico could totally rock. Imagine the people of Hong Kong or Israel with the geographic terrority of Mexico.

Maybe he wise enough to thread the impossible needle that is Mexico.

[srmanuel]

Maybe the US has already done this but if not we should approach Mexico with build new modern power generating plants that run on Natural Gas that we supply.

Nuclear is probably to expensive for Mexico but it should be considered...

Basically we should help Mexico build up their capacity using our technology...and give the rest of the world the middle finger at the same time..

The end result Mexico will cheap abundant power without any renewable energy....