Articles filed under Impact on Economy

Mainers Need Affordable Electricity Now

The [Maine] RPS law limits the amount of energy we can use from renewable sources, such as hydropower, solar, tidal, biomass and geothermal. But in 2009 legislators lifted the cap for wind power, which is expensive to build and produces a minimal amount of our electricity. In 2011, we got only 4.5 percent of our electricity from wind. While it produces only a fraction of energy, it is some of the most expensive electricity we buy.
30 Mar 2013

States Cooling to Renewable Energy

Mr. Sanford said he wrote the bill because he is opposed to government mandates, not because he favors any particular energy source-a sentiment echoed by legislators in other states. "Texas is blessed with a lot of incredible resources for energy, wind and solar amongst them. But they need to be developed with free-market principles, not with the heavy hand of government directing us to an inefficient process," he said in an interview.
29 Mar 2013

£286 green tax on energy bills: But ministers insist 'efficient appliances' will save us money

Energy Secretary insisted households will be better off due to initiatives but families will only benefit if they buy more efficient domestic appliances. Average bill is now £1,267 with £112 of that amount going on green taxes. By 2020 green taxes will have risen by over 150 per cent - £286 per family. Charity said government 'embarrassed by terrifying cost of green policies'. Claimed it is 'covering up' with a 'whitewash of wildly optimistic assumptions'.
27 Mar 2013

Renewable energy mandates are costly

Recently the New Hampshire Senate Committee on Energy and Natural Resources amended Senate bill 99, placing a moratorium on new wind electricity generation projects for one year. That's a nice start, but it doesn't go quite far enough. What's needed is a repeal of the New Hampshire renewable portfolio standard mandate. Why? Because ratepayers are being forced to buy extremely expensive electricity when cheaper alternatives are available.
26 Mar 2013

Overflow crowd at wind farm hearing; Tipton BZA listening to pros and cons.

At the center of the battle between opponents and proponents of the Prairie Breeze project is the potential impact on property values in the area. ...Appraiser Mike McCann, representing the CRD, said a wind farm will change the character of the area from residential and rural to industrial and decreases the desirability of selling a residential property.
21 Mar 2013

More pain to come on power prices

Even though wind power is inexpensive to build, it is difficult to obtain the permits and approvals, and it also needs gas-fired power stations to generate electricity when the wind is not blowing. ...''At the moment, these are marginal fuels, free-riding on the system. Once that free ride is over, they will have to pay their way, and that will result in increased costs.''
19 Mar 2013

A proposed wind turbine development could be hurting home sales on Amherst Island

Janet Grace, Real Estate Agent, Royal LePage: "All it takes is just saying well there is a project that has been proposed that entails bringing 33 to 37 huge wind turbines and people just say oh no no no we'll walk away from that." This is the second time Best's home has been put on the market and without a buyer she is left with few options.
12 Mar 2013

Weak carbon credit prices drag on wind power prospects

Unless advanced economies adopt more ambitious reduction targets and are willing to use CDM to fulfill them, demand for carbon credits cannot easily recover. But uncertain economic and industrial production outlook in developed economies and a huge oversupply of carbon credits do not bode well for the market.
11 Mar 2013

‘Tempered optimism' for the oil and gas industry

It's difficult to assess just how much oil and gas may be within reach, said Adam Sieminski, head of the Energy Information Administration, the Energy Department's independent statistical arm. "The one thing I can say with absolute confidence here today is that our long-term forecasts are going to be wrong. It looks like the direction that we're going to be wrong, when it comes to oil, is that there's going to be more of it," he said.
11 Mar 2013

Oregon Energy Department re-evaluating $30 million in tax credits to wind farm

The developer of the mammoth wind farm, New York-based Caithness Energy, went though the legal exercise of subdividing the project on paper to qualify for three separate, $10 million state subsidies. The Energy Department approved them in the last six months, despite sufficient evidence in two of its own analyses to define the wind farm as a single facility, deserving only one tax credit.
9 Mar 2013
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