Monday, July 18, 2011

Thanks legislators, higher energy bills are on the way

From ConservativeActionAlerts.com (July 15):

Legislators in more than half the states have voted for mandatory renewable energy standards—usually called an RPS for Renewable Portfolio Standards. While the numbers vary state-by-state, an RPS generally requires that an increasing percentage of a state’s electricity come from renewable sources—primarily wind and solar—by set dates. Most of the mandates coincide with the year: 15% by 2015, 20% by 2020, etc. Most states voted in the RPS back when the economy was thriving and “green” energy sounded like a good idea—after all the wind and the sun are “free.” Voting against “renewables” was akin to not liking puppies. Elected officials from both parties have voted for their state’s RPS. But, renewable energy systems have not proven to be free, and most cannot survive without special mandates and subsidies paid for by your tax dollars.

Many different computer models were run to determine the least-cost way to meet the mandates. The results should not be surprising. The least-cost model was based on coal [my italics]—but it does not meet the mandates. The least-cost model that does meet the mandates requires the addition of wind, solar and gas-fueled power plants and shuts down some of the older, existing, fully functional, coal-fueled power plants. The model favored by advocates of “green” energy cuts out coal all together and requires the building of new gas-fueled plants for base load power and to back up the renewables. This third model is the most expensive and therefore is unlikely to be selected by the PRC. But even the mid-range plan will cost state residents more than a billion dollars—and this is just for required CO2 penalties, not the actual power-plant capital costs. That increase will be felt in everything and disproportionately hurts the poor. Not to mention the increased costs to the cities within the state which are trying to balance their budgets while keeping the lights on. [read more]

This is exactly what happens when environmentalism turns into a religion.

I believe it was Obama that said that energy bills are going to go up in the future. Was he forecasting or was he creating the future? You judge.

You can go to the Dept. of Energy’s States with Renewable Portfolio Standards webpage to see if your state is affected by these stupid standards.

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