Articles filed under Impact on Economy from USA

Xcel plans to double its renewable energy generation by 2030. It’ll cost consumers $8 billion to do it.

The centerpiece of the plan is a dramatic increase in renewables and storage, adding approximately 5,600 MW of new capacity. This includes 2,300 MW of wind power, 1,600 MW of large-scale solar projects and 400 MW of battery storage. Another 1,300 MW of distributed solar, such as community solar gardens, would also be added.
25 Feb 2021

Analysis: Biden’s clean-energy ‘revolution’ faces challenge to match fossil-fuel jobs, pay

Union representation, pay and benefits in the fast-growing wind and solar power industries at the center of a clean energy transition lag those in oil, gas and coal, according to data from the U.S. Bureau of Labor Statistics, academic studies and interviews with labor experts and industry officials. Solar and wind energy installations, once built, also tend to require fewer workers to run than oil and gas infrastructure. And both industries rely heavily on imported components to keep costs down, potentially limiting their U.S. job creation.
30 Oct 2020

2019 US wholesale solar prices more than double wind, gas as renewables use reaches record levels: EIA

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.
20 Oct 2020

2019 US wholesale solar prices more than double wind, gas as renewables use reaches record levels: EIA

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.
20 Oct 2020

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

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

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

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

https://www.windaction.org/posts?location=USA&topic=Impact+on+Economy&type=Article
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