Articles filed under Impact on Economy

Is Deepwater Wind's Block Island project worth the cost to ratepayers?

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.
23 Feb 2016

Recent hydro bills 'shocking' for some

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.
6 Feb 2016

Denmark, a green energy leader, slows pace of its spending

“I think the criticism is over the top,” Lars Christian Lilleholt, Denmark’s energy minister, told the Politiken newspaper last month. He said the country still planned to invest 800 million krone, or $114 million, in green energy research in the coming year. “There is less money, but it is still a lot. And I sit in a government that must find a way for the Danish economy to make ends meet.”
6 Dec 2015

Ontario Hydro customers paid billions extra because Liberals ignored their own energy plans: AG

The auditor found the Green Energy Act is also driving up rates. Hydro customers will pay a total of $9.2 billion more for wind and solar projects under the Liberals’ 20-year guaranteed-price program for renewable energy than they would have paid under the old program. Ontario’s guaranteed prices for wind power generators are double the U.S. average, while the province’s solar power rates are three-and-a-half times higher.
3 Dec 2015

Telling the truth about Vermont's energy policy

The vast building and subsidizing of renewable energy facilities throughout Vermont will not affect climate change. ...By following these policies we will not pass on to the next generation a Vermont that is one iota cooler or more stable than it otherwise would be. It will be, however, uglier, less accessible, more expensive, and harder to find a job. Talk about a call to burn down the village in order to save it!
19 Nov 2015

Make it cheaper to go green

Consider Germany. It has committed to pay more than $110 billion in solar subsidies over the next 20 years, even though solar contributes only one percent of primary energy consumption. The net effect of these solar panels for the climate will be to delay global warming by a mere 37 hours by the end of the century. Globally, we will spend $2.5 trillion on subsidies for wind and solar over the next 25 years — and they will still need subsidizing, according to the IEA.
18 Nov 2015

$30 billion estimate burdens consumers, NextEra critics say

Eric Gleason, president of NextEra Energy Hawaii LLC, said at a Waikiki business luncheon this week that getting the state off its dependence on oil would cost $30 billion over the next three decades. ...divided among Hawaiian Electric's 455,000 ratepayers on Oahu, Maui and Hawaii island, each customer would pay an additional $183 per month for 30 years.
11 Nov 2015

British Steel’s Green Death

Start with a suite of renewable-energy policies that keep ratcheting up electricity costs. The so-called renewables obligation, which requires utilities to buy a steadily increasing share of their power from trendy green sources such as solar and wind, is driving up wholesale power prices. So is the feed-in tariff, which forces utilities to pay a minimum rate for renewable electricity that’s higher than the cost of fossil-fuel-fired generation.
7 Oct 2015

Feel-good energy policy

Maybe, just maybe, some Mainers are becoming less inclined to fall in line and accept the state’s excessively generous standards for wind development. The Fort Fairfield Town Council recently approved a wind ordinance requiring turbine siting of one mile from property lines of non-participating property owners, rather than acceding to the state model — written by the wind industry — requiring setback of only 150 percent of the height of the turbine.
3 Oct 2015

The night they drove the price of electricity down

In the wee hours of the morning on Sunday, the mighty state of Texas was asleep. The honky-tonks in Austin were shuttered, the air-conditioned office towers of Houston were powered down, and the wind whistled through the dogwood trees and live oaks on the gracious lawns of Preston Hollow. Out in the desolate flats of West Texas, the same wind was turning hundreds of wind turbines, producing tons of electricity at a time when comparatively little supply was needed.
22 Sep 2015

R.I. businesses fear spike in energy costs

RIMA’s objection to the Deepwater Wind project is the pricing mechanism that is in place and how that was established. The overall cost for electricity generated by Deepwater Wind is about four to five times that of natural gas and other renewable sources ...The excess, above-market cost to ratepayers will be about $497 million over 20 years (not including investment tax credits, the cost for the oversize cable, and other direct projects costs).
1 Sep 2015

http://www.windaction.org/posts?p=3&topic=Impact+on+Economy&type=Article
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