26 Sep '12, 9am

Business Leaders Want Wind Power Tax Credit Extended - Triple Pundit

Business Leaders Want Wind Power Tax Credit Extended - Triple Pundit

“In the past decade American businesses have significantly ramped up their purchase of American wind energy. For consumers of wind electricity, the economic benefits of the PTC are tremendous. Electricity rates, which reflect marginal costs for power plant operations and fuel prices, consistently decrease when wind enters the market. Because wind prices can be locked in up front, businesses incorporating wind into their energy portfolios are better equipped to hedge market volatility in traditional fuels markets caused by supply shocks. We are concerned that allowing the PTC to expire will immediately raise prices for the renewable electricity we buy today.”

Full article: http://www.triplepundit.com/2012/09/wind-power-tax-credit...

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