20 May '11, 11am

Wind power affects US electricity prices "less than one per cent"

US utilities have rubbished claims that adding renewable energy generation to their portfolios will cause domestic energy bills to "skyrocket", revealing that a series of studies have shown that in most cases renewable energy projects result in price increases of just a fraction of a per cent. A report by the Minnesota Free Market Institute (PDF) said last month that the state's renewable electricity standard, which required utilities to generate seven per cent of electricity from renewables in 2010, rising to 12 per cent by 2012, and up to 25 per cent in 2025, would see rates increase by as much as 37 per cent by 2025. FURTHER READING US energy policy stand-off intensifies Governments predict offshore wind will be subsidy free by 2025 But the Midwest Energy News points out that these predictions run entirely contrary to a slew of research published over the past few years...

Full article: http://www.businessgreen.com/bg/news/2072550/wind-power-a...

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