Library filed under Impact on Economy
If you live in Ontario and you think our hydro bill is a bit high, you’re not alone. The province has some of the highest electricity rates in the country and rural areas are the hardest hit by the rising costs. As Jacques Bourbeau, it means some customers have to choose between paying for power and food for the family.
“The competition is brutal out there,” Brandt said. “Wind-on-wind and solar-on-solar competition is killing these businesses.” The problem, said Polsky, is there is a lack of discipline that is causing a “race to the bottom” with developers, especially bigger players, bidding in lower and lower prices just to win bids.
Rising energy prices fuelled by South Australia's ambitious renewable energy target have helped send stricken Whyalla steelmaker Arrium cap in hand to governments seeking $150 million-plus in taxpayer aid. Higher energy prices may have added as much as $12 million to Arrium's annual costs, with rising gas prices and South Australia's wind and solar power among the main culprits.
The long-term contracts also burden electric ratepayers with more risk, according to the study. One of the reasons Massachusetts deregulated the electric industry was to shift the risk of building power plants from consumers to energy developers. Fixed-price, long-term contracts negotiated by utilities under the direction of the state would shift the risk needle back in the direction of electric ratepayers.
"[South Australia] has moved so far ahead of the rest of Australia in terms of changes of generation", with a prominent role for renewable energy which has forced the closure of coal-fired power stations, he said. "Not only are they paying through the nose for their electricity, but with large price declines last year, and now the big rises this year – you can't get stability in household budgets.
Did the wind industry ever tell you that their turbines are of no practical use for most of the time? Do you now understand the meaning of the capacity factor? Repeat: it is time to put the welfare of Ontarians ahead of your ego and stop this waste now. We all make mistakes, and the smart people learn from them. It is now clear to all critical and realistic thinkers that wind and solar will never replace or even moderately supplement nuclear and other reliable sources of the electrical energy in Ontario.
For Springfield aldermen opposed to the 10-year-old Sierra Club deal that required the city to buy power from two wind farms, December 2018 can’t come fast enough. By then, both contracts will have expired, at which point City Water, Light and Power estimates it will have spent up to $150 million. So far, the utility has spent about $101 million. ...“There’s definitely a lesson for the future,” he said. “We have to be very, very careful when this contract comes back up. I don’t know how I could vote for it in most any form.”
Highland anti-windfarm campaigner Lyndsey Ward said: “These are mind-boggling sums of money that enriches the already wealthy wind multinationals to not generate electricity – and it comes out of our pockets. “It’s time to end this madness.”
Along with the oil and gas industry, manufacturing companies and the university, Sheppard Air Force Base was identified in the study as one of the primary drivers of the area economy. The loss of any of those employment hubs "is going to have a profound impact on the surrounding counties," Martinez said in an interview.
Because the power grid is overloaded, more wind wheels must always be limited. This costs the network operators hundreds of millions of euros.
For a year, Germans could hope for decreasing, or at least stable electricity prices. But now they know their expectations will not met. Quite the opposite: A recent analysis of price comparisons by TopTarif reveals that consumers are currently paying as much for their electricity than ever before.
A second round of bids to build two wind turbines off the Virginia Beach coast appears to have lowered the price, but Dominion Virginia Power officials haven’t decided yet whether to green-light the demonstration project. “We are optimistic, but it is a fairly hefty cost to deploy these turbines,” Mark Mitchell, a Dominion vice president, said in an interview Wednesday.
Because Henderson wouldn’t receive any tax benefits from the wind project, its impact would be largely negative — especially for the value of waterfront properties. The analysis of property values in Henderson was based on a review of the impacts of the Wolfe Island Wind Farm on properties in Jefferson County, ...Based on the sale of 26 properties in Jefferson County with a view of the turbines on Wolfe Island, the analysis found that the value of the properties depreciated by about 15 percent after the wind farm became operational in 2009.
“The high incidence of energy poverty in Canada, particularly when gasoline expenditures are included, should be of central concern when policies regarding energy are devised. Policies that raise prices could exacerbate problems faced by families who are in energy poverty, or those on the cusp of energy poverty.”
Thanks to government policies deliberately distorting the market, we have over-invested in wind and solar. It has blighted investment in reliable capacity that can keep the lights on. This is the crux of Britain’s energy crunch. Clearly it was a colossal mistake to have embarked on renewables with storage unsolved.
The Eurelectric analysis showed that without all of those excess costs, Danes would pay electricity costs under the European average. Lars Aagaard, the CEO of the Danish Energy Association (Dansk Energi) said the high level of taxation is strangling Denmark’s green conversion.
Ratepayers are expected to pay an above-market price of $440 million for Deepwater’s energy over the next two decades, according to a 2015 filing with the state Public Utilities Commission. Critics say total tab will be more than $500 million, due to added costs, like laying the cable linking Block Island to the mainland. This cost sparked the filing of a federal lawsuit last year that attempts to undo the contract between the utility company National Grid and Deepwater Wind.
As more wind farms sprout up in Scotland an increasing amount of subsidy is being paid. The £51.5million subsidy paid to wind farms is more than double the £22.7million paid over the same three months last year.
The origins of the current situation can be traced back to former Liberal leader and then-Premier Dalton McGuinty signing “enormous, outrageous renewable energy contracts.” ...over the next 20 years the wind turbine projects that are already built, as well as the projects on the books, will cost $60-billion and are only producing 4% of Ontario's overall electricity needs.
The Town of Henderson, New York, engaged the Nanos Clarkson Research Collaboration energy consultant team to assist in determining a series of impacts from the proposed Galloo Island wind farm development. The Galloo Island project plan proposes to construct up to 29 turbines with a total nameplate capacity of 102 MW. The turbines will stand 575 feet high, with blade lengths of 210 feet. The executive summary and key findings of the study are provided below. The full report can be accessed by clicking the links on this page.