Articles filed under Impact on Economy
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.
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.”
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.
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.
When LIPA trustees voted in November to approve a $388 million expansion of the planned South Fork offshore wind farm, they were told federal tax credits that were being phased out made the year-end vote a "one-time opportunity" to save customers millions of dollars.
The city lost $21.8 million on its wind and solar contracts from 2016 to 2018 due to the falling prices of oil and gas, according to figures provided by City Manager David Morgan. Georgetown is renegotiating its 20- to 25-year wind and solar contracts to try to get a better deal, Morgan has said.
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.
Electric bills for city of Georgetown customers will increase by an average of $12.82 per month starting Feb. 1 to help the city recover the cost of purchasing energy, according to a city news release.
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.
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.
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.
"Fifty-three percent of the people who are going to be paying for these turbines aren’t going to benefit from them,” said Ken Girardin, a policy analyst at the Empire Center. “That is to say 53-percent of the money is going to come from rate payers north of New York City, in upstate.”
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.