Articles filed under Impact on Economy from California
In 2019 more than half of wind generation occurred at night, "resulting in lower average wholesale prices for wind-powered electricity than solar-powered electricity." EIA data shows wind farms in Texas, Oklahoma and Kansas collectively produced 45% of total U.S. wind generation in 2019 and in those states the average wholesale wind price was $26/MWh compared with $47/MWh for wind generation in the remaining states.
“There is a regressive nature to some of these things,” Lt. Gov. Gavin Newsom said Friday, noting that more than 1 million state households spend more than 10% of their income on energy. “We have to be sensitive to issues relating to energy costs.” ... renewable energy goals will require going far beyond putting up new wind turbines and solar array farms.
Gilbert's order does not appear to prevent SDG&E from backing out of a separate 2012 contract in which it pledged to invest $285 million in the project. But after NaturEner filed its own suit in Montana, Gilbert on Monday ordered SDG&E to continue making payments to NaturEner until attorneys for the two sides appear in her court.
The utilities have warned that the push to buy renewable power will raise customers' bills. PG&E, for example, estimates that renewable contracts will add about 1 to 2 percent to bills each year through 2020. ...Long-term power purchase contracts with wind farms, solar plants and other renewable energy facilities averaged 9.9 cents per kilowatt hour.
Industrial-scale energy projects on Bureau of Land Management lands are pushed through by energy companies touting jobs and economic booms to communities. Not mentioned is the potential loss of tourism revenues if people stop coming to recreational areas that are visually blighted.
Economists are more skeptical about the long-term benefit to the county. They point out that solar and wind farms bring in an initial boom of constriction jobs, but require very few workers once they're up and running. The five projects being built in Imperial County will generate 1,946 temporary construction jobs but only 71.5 permanent ..."Once you build them you don't need many folks to maintain them."
If you thought your monthly utility bills were high now, just wait. According to the nonpartisan Little Hoover Commission's report, "Rewiring California," ratepayers face soaring electrical bills because of the move toward adding more solar and wind energy to the power grid.
California's push toward clean and renewable energy will likely translate into higher electric bills for both businesses and consumers, according to a newly released report. The Little Hoover Commission, an independent state oversight agency, included that finding in its report, "Rewiring California: Integrating Agendas for Energy Reform."
The power generated by the mega-plants will be among the most expensive renewable energy in the country. ...Stanford University economist Frank Wolak said the state's renewable energy strategy could boost electricity rates 10% to 20%, depending on a number of factors. Potentially, consumers' bills could go up by 50%. "It is easily in the billions of dollars," he said.
The current study, released in July of 2011 by the Economic Financial Studies School of Business at Clarkson University, cites losses of up to 40 percent on properties located within 0.10 miles of new wind turbine facilities. This has prompted him to revise his loss figure upward to a maximum of 40 percent and expected adverse impacts out to three miles, with effects becoming less extreme with distance.
California's increasing use of renewable power will come at a price, pushing up electricity bills across the state. And while it's impossible to tell how big the cost to consumers will be, some experts fear the total cost of renewable energy in California will be in the billions of dollars.
Dozens of renewable energy plants being built to meet California's tough global warming laws, including a major Spanish-owned solar plant in the Mojave Desert, are so overpriced they will increase consumers' energy bills for decades, according to the independent watchdog arm of the state's s utility regulator.
Questions about the loan have been simmering for months. In 2009, the Energy Department put Solyndra's application on a fast-track for approval ...The generous terms of the government loan included the lowest interest of all the green projects benefitting from Energy Department help ...And as part of the deal, the Energy Department agreed that if the company went bust, private investors could recoup their losses before the government.
Federal and state efforts to stimulate creation of green jobs have largely failed, government records show. Two years after it was awarded $186 million in federal stimulus money to weatherize drafty homes, California has spent only a little over half that sum and has so far created the equivalent of just 538 full-time jobs in the last quarter ...Job training programs intended for the clean economy have also failed to generate big numbers.
Some, including economist Christopher Thornberg, figure there's some wiggle room in defining exactly what a green job is. "Who the hell knows what they classify as a green job?" Thornberg said. "That's what it boils down to. There are very few jobs you could say are truly green - maybe a solar-panel installer ... but who else?"
The green campaign wastes scarce and precious technological and entrepreneurial resources indispensable to the nation's future. Now it is debauching America's most precious venture assets. It must be defeated, not appeased.
Los Angeles Mayor Antonio Villaraigosa's plan to boost rates at the Department of Water and Power has drawn an outcry from business leaders who fear that his promise to create "green jobs" will be accomplished at the expense of their own workers
But there's no sign that demand for solar-panel installers, wind-farm workers and other green positions will be strong enough to drive California's unemployment rate below the national average, the forecast said. "As we look at the hype around 'green is going to drive the economy,' the fact is, not really," Jerry Nickelsburg, author of the forecast, said in an interview.
California's push to supersize its renewable energy standards could drive electricity rates higher for Northwest consumers, strain the west's transmission and hydroelectric systems, and create a host of thorny policy issues. The California Assembly passed a pair of bills Friday to create the nation's most aggressive renewable energy mandate. It would require utilities to meet one third of their customers' needs with green energy such as wind, solar and geothermal by 2020.
Sharon Reid and her husband, Dewitt, a retired Marine major, pay $170 in a typical month ---- and some months more than $230 ---- to cool and light their 2,000-square-foot, tri-level home in Vista. Without making any changes in lifestyle, their electricity bill is likely to increase by $45 a month on average as California overhauls its power grid and tries to shift the source of one-third of its electricity from fossil fuels to green sources by 2020.