{"id":224,"date":"2011-01-13T05:10:46","date_gmt":"2011-01-13T03:10:46","guid":{"rendered":"http:\/\/twugbcn.wordpress.com\/?p=224"},"modified":"2013-01-30T17:50:20","modified_gmt":"2013-01-30T15:50:20","slug":"no-free-lunch-in-wind","status":"publish","type":"post","link":"https:\/\/www.sa-lftr.com\/ae\/no-free-lunch-in-wind\/","title":{"rendered":"No Free Lunch In Wind"},"content":{"rendered":"<p>\u201c\u2026the California Air Resources Board adopted a requirement that the state obtain 1\/3 of its electricity supplies from renewable energy resource by 2020\u2026NJ\u2019s Gov. Christie signed the Offshore Wind Development Act in Aug 10 that requires 1,100 megawatts of wind generation to be developed off the NJ Coast\u2026but forcing consumers to buy high-cost electricity from subsidized renewable energy producers cannot improve overall economic well-being\u2026\u201dgreen\u201d energy mandates like those of CA and NJ are a new version of \u2018Gresham\u2019s Law,\u201d in which subsidized renewable resources drive out competitive generators, leading to higher electricity prices and reduction of economic growth\u2026<\/p>\n<p>\u201c\u2026Cape Wind, to be built off Nantucket Island, is ardently supported by MA governor D. Patrick\u2026Cape Wind is more expensive than onshore wind generation projects which themselves already require government subsidies\u2026<\/p>\n<p>\u201c\u2026Several economic fallacies underlie green energy\u2026 green jobs advocates fundamentally misrepresent wealth <em>transfers<\/em> as wealth <em>benefits<\/em>\u2026\u201dgreen jobs\u201d studies toute renewables development\u2019s generation of unbridled economic growth\u2026but they ignore the adverse economic effects of the resulting higher electricity that high-cost \u201cFeed-in Tariffs\u201d bring.\u00a0 They are cost-benefit analyses that ignore the <em>cost<\/em> part\u2026<\/p>\n<p>\u201c\u2026A Nov\u201909 report by College of Natural Resources at UC Berkeley recommends aggressive energy efficiency improvements and renewable generation predicated on the theoretical creation of between 900,000 and 1.9 million new jobs and increases of per-house income of $500 to $1.200 per year\u2026The study never considers the effects on businesses and households from higher electricity prices and taxes to fund these energy efficiency programs.<\/p>\n<p>\u201c\u2026Case in point is Cape Wind:\u00a0 Without off-shore wind generation of electricity, the forecast market prices increases from around $110 per MWh in 2013 to just over $150 per MWh by the year 2020, then hovers there through the contract\u2019s end in 2027.\u00a0 In contrast, by the last year of the Cape Wind contract, the price paid by National Grid ratepayers would be almost $350 per MWh.\u00a0 The estimated above-market cost for the electricity that would be paid by ratepayers is just over $75 million in the first year of the Cape Wind contract, increasing to over $140 million in the last year of the Cape Wind contract\u2026<\/p>\n<p>\u201d\u2026 Industries that require never-ending subsidies simply cannot increase overall economic welfare. To conclude otherwise is to believe in \u201cfree-lunch\u201d economics of the worst kind. Yet, free-lunch economics are driving the push for renewable energy\u2026\u201d<\/p>\n<p><a href=\"http:\/\/twugbcn.files.wordpress.com\/2010\/10\/1__greshams-law-of-green-energy.pdf\">Gresham&#8217;s Law of Green Energy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201c\u2026the California Air Resources Board adopted a requirement that the state obtain 1\/3 of its electricity supplies from renewable energy resource by 2020\u2026NJ\u2019s Gov. Christie signed the Offshore Wind Development Act in Aug 10 that requires 1,100 megawatts of wind &hellip; <a href=\"https:\/\/www.sa-lftr.com\/ae\/no-free-lunch-in-wind\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-224","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>No Free Lunch In Wind - Atomic Electricity<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No Free Lunch In Wind - Atomic Electricity\" \/>\n<meta property=\"og:description\" content=\"\u201c\u2026the California Air Resources Board adopted a requirement that the state obtain 1\/3 of its electricity supplies from renewable energy resource by 2020\u2026NJ\u2019s Gov. 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