The Challenge of Energy Policy in New England
Carrie Conaway, The New England Public Policy Center at Federal Reserve Bank of Boston|April 1, 2006
Renewable energy sources have disadvantages as well as advantages, however. Although their costs have decreased in recent years, many renewables are still more costly than traditional sources. Some are also available only intermittently; for example, wind can be variable and hydroelectric is seasonal. And while many people are in favor of renewables in principle, many are also unhappy when faced with the prospect of a windmill or a trash-burning power plant in their neighborhood. These facilities face the same siting and investment difficulties that any electrical facility would, as the developers of a proposed wind farm off the coast of Cape Cod have discovered in recent years.
Renewable energy sources have disadvantages as well as advantages, however. Although their costs have decreased in recent years, many renewables are still more costly than traditional sources. Some are also available only intermittently; for example, wind can be variable and hydroelectric is seasonal. And while many people are in favor of renewables in principle, many are also unhappy when faced with the prospect of a windmill or a trash-burning power plant in their neighborhood. These facilities face the same siting and investment difficulties that any electrical facility would, as the developers of a proposed wind farm off the coast of Cape Cod have discovered in recent years.
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April 2006