Cape Wind energy prices high, not competitive with other green projects
National Grid estimated a small grocery store or medium-sized restaurant will see electric bills rise by about $100 per month. A typical supermarket will pay about $500 more while a medium-size suburban hospital would see a $2,500 jump in its bills.
Large industrial businesses would get hit the hardest.
October 4, 2010
in Providence Business News
BOSTON - Prices for electricity from the Cape Wind energy project, the $2 billion offshore wind farm, may translate into businesses paying hundreds or even thousands of dollars more for energy, the Boston Herald reported Monday, noting that other renewable energy projects have more competitive prices.
National Grid sees its commercial and industrial customers paying 1.9 percent to 2.3 percent more for the Cape Wind energy, said the Boston Herald. Meanwhile, residential customers will pay about $1.25 more a month, according to Mass. Gov. Deval L. Patrick.
National Grid estimated a small grocery store or medium-sized restaurant will see electric bills rise... [continue via Web link]