Articles filed under Impact on Economy
Tell me anywhere in the world where a higher penetration of renewable energy has been associated with lower electricity prices.
“They are stealing our fishing grounds by placing them on our place of work. They are industrializing the ocean floor,” said Bonnie Brady, the executive director of the Long Island Commercial Fishing Association. ...Any discussion about mitigating the effect the wind turbines have on fish so they can coexist is ludicrous. “It’s like putting a junkyard in the middle of a farm field,” he said. “The noise and sounds aren’t natural to what has been going on for a million years.”
The ACCC – whose chairman Rod Sims has long been a critic of the Renewable Energy Target and associated schemes – has also called for the Small-Scale Renewable Energy Scheme, which was due to run until 2030, to be wrapped up by 2021 – almost a decade earlier than planned.
“Newport residents, as well as residents of other Communities, have received new electric and gas bills that are giving them anxiety and sticker shock due to huge increases; And... the new distribution charges are increasing bills by huge percentages and are compromising residents’ ability to pay necessary life expenses for rent, food, medical needs; And... the RI PUC’s decision to put the significant increase in renewable power costs from off-shore wind and net-metering into the Distribution charge and not the Power Charge so that consumers cannot opt to purchase equivalent power from outside Rhode Island as provided by law...”
Unreliable solar and wind power in Germany cause more and higher electricity costs for the power grid.
The wholesale costs of power make up only about a fifth of the average household electricity bill in Germany. The rest is a stew of taxes, fees to finance renewable-energy investments and charges for use of the grid. That means their bills are lower than they otherwise would be, because power prices are sometimes negative, but utilities are not depositing money in customers’ bank accounts.
In the year that ended, electricity was more expensive than ever before - and at the beginning of the year prices are still rising, according to the "Handelsblatt" newspaper. The newspaper relied on a recent analysis of the consumer porta, Verivox.
Ontario lost between $732 million and $1.25 billion over the past two years selling surplus clean electricity outside the province, an analysis by the Ontario Society of Professional Engineers (OSPE) estimates. That’s the difference between what Ontario agreed to pay to produce nuclear, water, wind and solar power, and the bargain basement price it sold it for on the international market.
Scola is concerned about state and federal regulations. But his big concern is the prospect of hundreds, and perhaps even thousands, of giant wind turbines spread out in the New York Bight, an area along the Atlantic Coast that extends from southern New Jersey to Montauk Point. It’s one of the most productive fishing grounds on the Eastern Seaboard.
The document claims that ‘it has been widely assumed that the underlying costs of offshore wind are falling and that the CfD prices indicate a sudden paradigm for the technology’. Yet, the report points to statistical analysis of the data, covering 86 wind farms, which suggests that the capital cost of offshore wind (£/MWh installed) is not in actual fact falling, but actually rising as a consequence of companies moving into deeper and deeper waters.
Victorian taxpayers will cough up hundreds of millions of dollars to help pay for the Andrews government’s upcoming solar and wind farm auction. ...The move will punch a $250-350 million hole in the state Budget, and experts warn the full cost could be much higher.
In 2010, Mississippi lawmakers handed out $400 million in loans to green companies in return for providing 5,000 jobs. What did taxpayers wind up with? For the most part, Mississippi's green dream has become a black hole.
Legislation to cut off the subsidy on July 1 passed the Oklahoma House and a Senate committee, potentially saving the state billions of dollars, but lawmakers still must contend with an army of pro-wind lobbyists before casting the decisive votes. Our state has many other needs, from education to infrastructure repairs, more important than subsidizing the mature wind industry. Please reach out to your legislators to make sure they make the right decision on this critical issue.
"TVA has concluded that it doesn't need more power for the foreseeable future. Therefore, its board should resist obligating TVA's ratepayers for any new large power contracts, much less contracts for comparatively expensive and unreliable wind power. Instead, TVA should continue to provide low-cost, reliable power to the region that boosts economic development throughout the Tennessee Valley."
Labor’s plan to produce 50 per cent of electricity from renewables by 2030 has been dealt a blow by the national power market operator, which has warned that Queensland’s push for the target could lead to higher electricity prices and an unstable network.
The board of Niagara-on-the-Lake Hydro (NOTL) released a statement Wednesday that asked Ontario Energy Minister Glenn Thibeault to kill the Feed-in-Tariff (FIT) 5 program — the latest round of renewable energy procurement — arguing it will further drive up already expensive electricity rates.
Now is the time to debunk Labor’s myth-making and expose the true cost that its energy policies will have on Australian households and businesses.
After cancelling this year’s only wind and solar tender Brazil is considering cancelling power purchase agreements (PPAs) of contracted, but unfinished or unbuilt, power plants, as revised figures indicate a stronger-than-expected decline in demand that leaves more than 9GW of surplus firm generation capacity contracted by 2019.
The combination of a federal push for big industrial wind projects, the New York State mandates for 50 percent renewables by 2030 and tax incentives, tax subsidies and other financial carrots have created a strong corporate drive for industrial wind projects all over rural New York.
“While emissions-reduction policies are politically fashionable, the obvious result of the EU’s policies has been ... growing backlash at the soaring cost of the renewable-heavy mandates. The backlash is also coming from rural landowners who are inflamed by the encroachment of large wind-energy projects on their neighbourhoods. This backlash has forced European policy makers to begin scaling back their plans.”