Library filed under Taxes & Subsidies
Schlomach adds that wind energy is thought to have many benefits; however, in reality, the perceived benefits are an economic waste.
As these overly generous subsidies are being called into question, the only leg the wind industry is purportedly standing on is that it is helping local schools. This could not be a more disingenuous argument. According to the wind industry's own research, state reimbursements — not wind companies — are responsible for the vast majority of “wind industry payments” to schools.
“I tried to negotiate in good faith with Democrats to reach a compromise that would not add to the burden of ratepayers,” LePage wrote. “I requested that the bill include all renewables, return all renewable energy credits (RECs) to ratepayers and have a cap on the price we pay in long-term contracts. We could not reach an agreement. They are not serious about reducing the price of energy for Maine families or job creators.”
Opposition peers successfully argued for an amendment to the bill, tabled by Liberal Democrat Baroness Kate Parminter, that would extend the grace period for projects that command local support and were at an advanced stage of development.
It is not possible to lie to the people forever about whether wind turbines can compete on equal footing with other forms of energy when the reality is that wind power - for the first 40 years of development - and forever after, will require billions in direct and indirect support.
The Danish Minister of climate and energy, Lars Christian Lilleholt, is talking about creating peace on the energy agreement from 2012, but he's also discussing saving 5 billion Danish kroner in green taxes by dropping wind farms already agreed upon. The savings delighted the Energy minister but the wind industry is seeing red.
Hot air still rules on Capitol Hill, where senators voted Tuesday to restore millions of dollars in taxpayer subsidies for windmills, in a signal that Congress is still eager to pick winners in the emerging renewable-energy sector. ...Tuesday’s wind vote saw 12 Republicans join with 41 Democrats and one independent senator in sustaining full funding for windmill research.
Pennies on the dollar are what some legislative policies cost the average ratepayer. Most people don’t worry about those pennies, but I am not one of those people. I believe that if you watch your pennies, they add up to dimes and eventually to dollars. Those pennies have added up, resulting in Maine having one of the highest electric rates in the country. The last two bills we worked on this year are classic examples of policies that, although well-intentioned, are costly and will likely do nothing to lower energy costs, never mind decrease our tax burden.
This short story has been written to counter the shameless wind propaganda that is allowed into our schools to influence young minds with no effort to show the other side.
An amendment to extend renewable energy credits will not move forward with the U.S. Senate-approved Federal Aviation Administration reauthorization bill this week. Senate Democrats had hoped that the FAA bill could carry renewable energy tax credits that were not included in the omnibus spending bill passed last December.
The Franklin County Industrial Development Agency Board of Directors on Monday took the next step toward making the Jericho Rise wind farm project a reality.
Norway's energy ministry said profitability of renewables had been under pressure in recent years due to an energy surplus in the country. The proposals could make Norway "the first country in Europe to abolish all forms of renewable subsidies", said NORWEA CEO Oyvind Isachsen.
The increase in subsidised renewable energy in the Nordic countries, however, pushed electricity prices to 15-year lows in 2015, hurting producers, such as Norway's Statkraft or Sweden's Vattenfall. Norway produced 15 TWh of electricity more than it consumed in 2015, while the total surplus in the four Nordic countries stood at 16 TWh.
The idea to end the renewables obligation (RO) early is a key part of the Bill, which has been backed by MPs and also seeks to give people the final say on new onshore wind development applications in their area.
“Americans are sick and tired of D.C. picking the haves and have nots based on who can afford the best lobbyists on K Street,” Koenig said. Koenig also raised concern about opening up a “can of worms” if the energy tax breaks are attached to the bill.
Dozens of conservative groups — including Heritage Action, Americans for Prosperity, FreedomWorks and the Competitive Enterprise Institute – have blasted plans to include the renewable energy tax breaks on the FAA bill. “Congress considered the matter of expiring tax provisions less than 4 months ago. It should also be noted that Congress extended significantly favorable tax treatment to renewable energy in omnibus appropriation legislation that accompanied the aforementioned tax extender package.”
Many asserted that my position is incorrect, under researched and underdeveloped. They argue that renewable energy does in fact have a future and that I just don't have all the information. Well I am here to reiterate: No it doesn't.
There are signs of green economic turmoil everywhere
“The tax exemption made available by Section 487 of the Real Property Tax Law shall not be applicable within the boundaries of the Chateaugay Central School District with respect to any solar or wind energy system constructed subsequent to the date of this resolution,” the board resolution states.
In spite of all this, Ivanpah has fallen woefully short of its production targets. The managers’ explanation for why production came up 32 percent below expected output was the weather. In addition to raising questions about planning for uncertainty, it is not all that clear how a nine percent drop in sunshine causes a 32 percent drop in production.