Articles filed under Impact on Economy

Judge orders quango to back up claim of 'only' 1% of GDP to hit net zero

Judge Sophie Buckley said: ‘There is an extremely strong public interest in enabling scrutiny of the data, models and calculations which underpin the CCC’s conclusion that the net zero target could be met at an annual resource cost of up to 1-2 per cent of GDP. ‘Any errors in the calculations that led to the CCC’s conclusions, which, in turn, led to the legislative change, have the potential to have a very significant impact on the lives and finances of large numbers of people, on the spending of large sums of public money, and on the policies of the UK Government over the next 30 years.’
7 Aug 2021

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

What German households pay for power

Durchschnittlicher-strompreis-haushalt_average_power_prices_thumb Power prices in Germany are among the highest in Europe, not least due to the costs arising from the launch of renewable energy sources – but many customers continue to support the country's energy transition regardless. While wholesale electricity prices on average have been in decline in recent years, surcharges, taxes, and grid fees raise the bill for Germany's private households and small businesses. However, market observers say that power costs are often not even high enough for customers to look for cheaper alternatives. 
24 Jan 2020

Why do we get wind power we don't need?

We do not need wind power in this country. We have a surplus of hydropower, and for the past ten years have exported an average of about 10 Twh per year. Because of the enormous damage in the nature of the encroachment, the wind power industry is therefore trying to give wind power on land in Norway a positive "climate stamp". Because we already have power surpluses, all new wind power leads to increased power exports. 
11 Aug 2019

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

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