Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
Solar and other alternative power
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="oldngray" data-source="post: 1800283" data-attributes="member: 45230"><p>The Institute for Energy Research released today a study titled <a href="http://americanenergyalliance.us2.list-manage1.com/track/click?u=7cbc7dd79831a84c870f9842e&id=6e207e0f44&e=201ef0d61b" target="_blank"><em>Assessing Wind Power Cost Estimates</em></a>. The study, written by Dr. Michael Giberson, an economics professor at Texas Tech University, details the costs of wind power that commonly go unreported in studies performed by government-funded groups such as the National Renewable Energy Laboratory (NREL). The study is published as the federal wind Production Tax Credit (PTC), a massive subsidy to the wind power industry, is set to expire at the end of the year. Last year, the PTC received another one-year extension that government analysts project will cost taxpayers $12 billion.</p><p></p><p>“Despite being propped up by government mandates and billion dollar subsidies for decades, wind power continues to be an expensive and boutique energy source that the American people cannot rely on for power when they need it. Although lobbyists for the wind industry prefer to downplay the real costs of wind power, Dr. Giberson has produced a fact-based study that demonstrates just how expensive it really is.”</p><p></p><p>As Giberson states in the study, “While expenses faced by wind project developers are an important element of the overall cost of wind power, the addition of wind power to the power grid involves a number of other costs … Such costs include the expense of transmission expansions needed to develop wind power, other grid integration expenses, and added grid reliability expenses.”</p><p></p><p>The study finds:</p><p></p><ul> <li data-xf-list-type="ul">Under more accurate assumptions, the LCOE for wind power is $109 per MWh rather than NREL’s estimate of $72 — a more than 50 percent increase.</li> <li data-xf-list-type="ul">NREL’s cost estimates exclude key categories of costs such as the cost of transmission and grid balancing for far-away, intermittent wind sources.</li> <li data-xf-list-type="ul">PTC-subsidized wind power projects distort electricity markets because they can bid as low as negative $35 per MWh and still profit through the PTC.</li> <li data-xf-list-type="ul">Adding wind power via the PTC cannot reduce the overall cost of power to the economy — it merely shifts costs to taxpayers.<br /> <br /> To read the full study, <a href="http://americanenergyalliance.us2.list-manage.com/track/click?u=7cbc7dd79831a84c870f9842e&id=1dc8ef0771&e=201ef0d61b" target="_blank">click here</a> (PDF).</li> </ul><p></p><p><a href="http://instituteforenergyresearch.org/press/study-evaluates-the-true-costs-of-wind-power-2/" target="_blank">http://instituteforenergyresearch.org/press/study-evaluates-the-true-costs-of-wind-power-2/</a></p></blockquote><p></p>
[QUOTE="oldngray, post: 1800283, member: 45230"] The Institute for Energy Research released today a study titled [URL='http://americanenergyalliance.us2.list-manage1.com/track/click?u=7cbc7dd79831a84c870f9842e&id=6e207e0f44&e=201ef0d61b'][I]Assessing Wind Power Cost Estimates[/I][/URL]. The study, written by Dr. Michael Giberson, an economics professor at Texas Tech University, details the costs of wind power that commonly go unreported in studies performed by government-funded groups such as the National Renewable Energy Laboratory (NREL). The study is published as the federal wind Production Tax Credit (PTC), a massive subsidy to the wind power industry, is set to expire at the end of the year. Last year, the PTC received another one-year extension that government analysts project will cost taxpayers $12 billion. “Despite being propped up by government mandates and billion dollar subsidies for decades, wind power continues to be an expensive and boutique energy source that the American people cannot rely on for power when they need it. Although lobbyists for the wind industry prefer to downplay the real costs of wind power, Dr. Giberson has produced a fact-based study that demonstrates just how expensive it really is.” As Giberson states in the study, “While expenses faced by wind project developers are an important element of the overall cost of wind power, the addition of wind power to the power grid involves a number of other costs … Such costs include the expense of transmission expansions needed to develop wind power, other grid integration expenses, and added grid reliability expenses.” The study finds: [LIST] [*]Under more accurate assumptions, the LCOE for wind power is $109 per MWh rather than NREL’s estimate of $72 — a more than 50 percent increase. [*]NREL’s cost estimates exclude key categories of costs such as the cost of transmission and grid balancing for far-away, intermittent wind sources. [*]PTC-subsidized wind power projects distort electricity markets because they can bid as low as negative $35 per MWh and still profit through the PTC. [*]Adding wind power via the PTC cannot reduce the overall cost of power to the economy — it merely shifts costs to taxpayers. To read the full study, [URL='http://americanenergyalliance.us2.list-manage.com/track/click?u=7cbc7dd79831a84c870f9842e&id=1dc8ef0771&e=201ef0d61b']click here[/URL] (PDF). [/LIST] [URL]http://instituteforenergyresearch.org/press/study-evaluates-the-true-costs-of-wind-power-2/[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
Solar and other alternative power
Top