Articles filed under Impact on Economy

Prices swing wildly as renewable use rises

"[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.
16 Jun 2016

Open letter to Premier Kathleen Wynne

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.
31 May 2016

CWLP shells out $100M-plus for wind power

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.”
29 May 2016

Dominion encouraged by new bids for offshore wind turbines, but no decision yet

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.
8 Apr 2016

Clarkson study: Henderson could lose $40 million in property value from Galloo Island wind project

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.
5 Apr 2016

Energy poverty rising in Canada

“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.”
15 Mar 2016

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

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