Articles filed under Impact on Economy

Rising electricity prices to come as wind, solar mandates increase

Defenders of California’s renewable-first policy say that the state’s average residential electricity bills are relatively low. But that has ...everything to do with a temperate climate where Californians simply use less energy. Move California’s electricity prices to other states and the same electricity rates would be devastating. And yet, California’s energy approach is being replicated across the country, with little understanding of the potential consequences.
6 Aug 2019

Electricity bills could double to bail out new wind farms, report claims

Electricity bills could double to bail out new wind farms that have massively underestimated their operating costs, a former adviser to the World Bank has claimed. Two offshore wind projects secured contracts to supply renewable energy at reduced costs in 2017 and it was hailed the result of huge strides made in technology and engineering, sparking hopes of a green jobs boom.
28 Jul 2019

Renewable energy jobs in UK plunge by a third

Prospect, the union which covers much of the sector, has found a 30% drop in renewable energy jobs between 2014 and 2017, as government cuts to incentives and support schemes started to bite. It also found investment in renewables in the UK more than halved between 2015 and 2017.
30 May 2019

House tweaks offshore wind pricing

The changed amendment ...would direct the Department of Public Utilities to not approve any subsequent offshore wind contract “if the levelized price per megawatt hour, plus associated transmission costs, is greater than or equal to the adjusted levelized price per megawatt hour, plus transmission costs, that resulted from the previous procurement after adjusting such procurement’s price for the availability of federal tax credits, inflation and incentives.”
26 Apr 2019

Exposing utilities’ Big Green energy con game

Utilities in several states are attempting to run a con game on their respective states’ utility commissions and ratepayers. How? By claiming that their plans for prematurely shuttering existing, reliable, relatively inexpensive coal power plants and replacing them with expensive, intermittent renewable power sources will save ratepayers money “in the long run.” Meanwhile, they ask for an immediate increase in electric rates to pay for the transition.
24 Apr 2019

Alliant Energy announce rate hike that will cost you hundreds

This month, two brand new wind farms from Alliant Energy's Iowa energy company will start generating low cost, renewable energy. It's great news as the state continues to see a boom in wind turbine production and placement by energy companies. But Alliant also wants to recoup the cost of those new turbines so, you guessed it. Your electric rates are about to go up.
5 Mar 2019

A Green New Deal in Profile

Falmouth will also spend the next 11 years paying off the remaining $3.6 million in bonds it floated to pay for the first turbine. The stimulus grant covered the cost of the second turbine on condition that it operates as an “energy efficient project.” So unless Falmouth can find someone else to take the turbine, get it running, and persuade regulators that this meets its contractual obligations, the town will be on the hook for another $5 million. That’s a lot of wasted money in a town with fewer than 32,000 residents.
5 Feb 2019

The quixotic myth of 'renewable energy'

The oft reiterated promise of “cheap renewable green energy” is a quixotic myth, fabricated by those who have an economic incentive to lie, championed by those with a political agenda to advance, and believed by those who are too intellectually lazy to do basic research. While there is no “free lunch,” there are practical, cost-effective solutions.
18 Jan 2019

Wind Farm Near Martha’s Vineyard In Jeopardy

Brady said the Block Island Wind Farm, owned by Deepwater, is only five turbines, tiny by comparison to Vineyard. Yet charter fishermen, who traditionally operate south of the wind farm from January through April, reported a dismal fishing season: the once bountiful cod had disappeared. Ørsted Energy, the parent company of Deepwater, like the owners of the Vineyard, have a practice of paying off fishermen whose livelihoods are damaged by the wind farms.
4 Dec 2018

Vineyard Wind project hit with setbacks as deadline approaches

At issue is the layout of the project. Fishermen want wide corridors, specifically a mile or wider oriented east to west. Current plans offer two 1-mile corridors, with only one running east to west. As an alternative, Vineyard Wind proposed using larger turbines with nearly 10 megawatts of capacity, thereby reducing the number of towers ...but pose risk to the project because they haven’t received design certification.
25 Nov 2018

Fishermen: Wind farms bad for business

“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.”
17 Jul 2018

Wind farm blamed for higher mainland power rates

“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...”
19 Jan 2018

http://www.windaction.org/posts?topic=Impact+on+Economy&type=Article
back to top