Articles filed under Taxes & Subsidies
TALLINN - Wind power has fallen out of Estonia’s favor in recent months, with the Economy Ministry deciding to limit support to wind-power producers and Parliament adopting amendments to the energy law that will give preference to other forms of renewable energy. Einari Kisel, head of the Ministry of Economy and Communications’ energy department, puts it bluntly: “We do not want to have too many wind mills,” he says. “The price of wind energy is expensive. The unstable production causes additional costs to other producers.”
That windmills retain a mystical popularity among its Northwest supporters, is truly a triumph of hope over substance, not to mention unawareness of hidden costs and poor performance data. There is a huge amount of information now available regarding wind energy from around the United States and Europe. It’s not good news.
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"These projects are very expensive and wouldn't happen without tax subsidies," he [Glenn Schleede] said. "Ordinary taxpayers are getting taken to the cleaners on this."
Absent special political privileges - federal research and development subsidies, tax breaks, and state RPS programs - today's renewable-energy industry, or most of it, would not even exist. Three decades, $14 billion in direct federal support, and untold billions in state taxpayer and ratepayer subsidies have failed to make "green" energy economically self-sustaining. Enough is enough. Congress should terminate, not expand, its patronage of this boondoggle.
It's time to jump off the Production Tax Credit treadmill and work toward a more open, transparent support mechanism such as the Electricity Feed Law.
Hager, a former Duke Energy engineer beginning his second term in the House, argues the mandate unfairly forces utility customers to subsidize renewable energy, which costs more than traditional forms. He says that runs against state policy ordering utilities to provide “least cost” electricity.