Articles filed under Impact on Economy
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.”
BHP Billiton chief executive Andrew Mackenzie is furious that another failure of the electricity network in South Australia resulted in the prized Olympic Dam mine being without power for more than four hours overnight.
In yet another sign of the crisis caused for many in the province by soaring electricity rates, the Ontario Association of Food Banks says the fallout is putting the squeeze on the basic needs of many. “If people have to choose between keeping the lights on and going hungry, they go without food,” Carolyn Stewart, executive director of the association, said ahead of Monday’s release of the group’s Hunger Report 2016. Soaring hydro costs have become an Achilles heel for the Liberal government, which took a costly plunge into green energy in 2009.
The poll suggests the issues Ms. Wynne has spent most of her time on – building transit and fighting climate change – are low on voters’ priority lists. Infrastructure investments was the top issue for just 4.8 per cent of respondents, and the environment clocked in at 4 per cent.
Five years after Ontario pulled the plug on offshore wind installations, including a 130-turbine project in Lake Ontario, a NAFTA tribunal has ordered the province to fork over $25 million in damages plus $3 million in legal costs to Windstream Energy LLC, kicking up gusts of mixed reaction from environmentalists and trade activists.
The levy German power consumers pay on their electricity bills to finance the build-up of renewables (EEG surcharge) next year will jump by 8.3% to €0.0688 ($0.0758) per kilowatt hour of electricity consumed, re-igniting a heated debate on the cost of the country’s energy transition.
Sheppard Air Force Base has asserted that proposed wind developments in nearby Clay County would interfere with its radar operation and flight training missions. If erected, wind turbines in a 25-mile radius of the base could cause Sheppard's mission to be moved to another military installation, a move that likely would be a crippling blow to the Wichita Falls economy.
Highland-based industry watcher Stuart Young said: "I was disgusted how people were crowing about how much electricity had been generated by wind when customers are going to be hit so hard in their pockets. "The number of megawatt hours wasted - constrained off - was 46,150.
The province signed long-term contracts with a handful of lucky firms, guaranteeing them 13.5 cents per kWh for electricity produced from wind, and even more from solar. Obviously, if the wholesale price is around 2.5 cents, and the wind turbines are guaranteed 13.5 cents, someone has to kick in 11 cents to make up the difference. That’s where the GA comes in. The more the wind blows, and the more turbines get built, the bigger the losses and the higher the GA.
Public opinion may back an increasing proportion of renewable energy being plugged into South Africa's power grid, but Eskom CEO Brian Molefe says further independent renewable power production will be impractical and what he really needs is nuclear energy.
“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.
“The competition is brutal out there,” Brandt said. “Wind-on-wind and solar-on-solar competition is killing these businesses.” The problem, said Polsky, is there is a lack of discipline that is causing a “race to the bottom” with developers, especially bigger players, bidding in lower and lower prices just to win bids.
Rising energy prices fuelled by South Australia's ambitious renewable energy target have helped send stricken Whyalla steelmaker Arrium cap in hand to governments seeking $150 million-plus in taxpayer aid. Higher energy prices may have added as much as $12 million to Arrium's annual costs, with rising gas prices and South Australia's wind and solar power among the main culprits.
The long-term contracts also burden electric ratepayers with more risk, according to the study. One of the reasons Massachusetts deregulated the electric industry was to shift the risk of building power plants from consumers to energy developers. Fixed-price, long-term contracts negotiated by utilities under the direction of the state would shift the risk needle back in the direction of electric ratepayers.
"[South Australia] has moved so far ahead of the rest of Australia in terms of changes of generation", with a prominent role for renewable energy which has forced the closure of coal-fired power stations, he said. "Not only are they paying through the nose for their electricity, but with large price declines last year, and now the big rises this year – you can't get stability in household budgets.
Did the wind industry ever tell you that their turbines are of no practical use for most of the time? Do you now understand the meaning of the capacity factor? Repeat: it is time to put the welfare of Ontarians ahead of your ego and stop this waste now. We all make mistakes, and the smart people learn from them. It is now clear to all critical and realistic thinkers that wind and solar will never replace or even moderately supplement nuclear and other reliable sources of the electrical energy in Ontario.