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Tuesday, July 23, 2013

Wind Pricing: Not Cheap but Subsidized

by Lisa Linowes
July 23, 2013

“Ignoring how competitive markets operate–and pretending that wind energy is exempt from the basic rules of economics–will not change the fact that windpower is an expensive, unpredictable resource that cannot compete without enormous public hand-outs. If the PTC were permitted to expired today, the wind industry might be forced to increase its efficiencies and lower project costs, but the effect on electricity prices at large would likely go unnoticed.” - See more at: http://www.masterresource.org/2013/07/wind-pricing-not-cheap-but-subsidized/#more-26739

Last fall, utility-giant, Exelon Corp., encouraged Congress to let the federal production tax credit (PTC) expire, citing the subsidy’s distortionary effect on competitive wholesale energy markets. The American Wind Energy Association (AWEA) slapped back by publicly booting Exelon off its board and unleashing an army of surrogates to control the damage and berate the company for putting its interests first. - See more at: http://www.masterresource.org/2013/07/wind-pricing-not-cheap-but-subsidized/#more-26739

Continue reading [Master Resource]

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