Posted on 09/03/2023 5:15:16 AM PDT by karpov
Wholesale electricity prices from some producers could rise 64 percent in order to cover inflation and the higher-than-anticipated costs that are becoming apparent in New York’s shift to renewable energy, according to a leading state agency.
“The impact of implementing ACE (Alliance for Clean Energy) NY’s requested relief … would be an increase in weighted average strike (base) prices of 64 percent,” reads part of the comments from the New York State Energy Research and Development Agency, which sets contracts for electricity sales by solar and wind developers.
That strike price represents what is essentially a baseline wholesale cost paid to energy providers who are building new solar and wind plants. It doesn't apply to existing generators.
NYSERDA stressed that costs to consumers should be far lower since the increase would only apply to the new solar and wind plants requesting increases. According to NYSERDA, the wholesale strike price increase, if approved, would translate into an estimated ratepayer increase for a residential customer of up to 1.48%, or approximately $1.57 per month compounded. The monthly increases would run for the life of a solar or wind project -- most are expected to last 20 to 25 years.
The comments were filed this week with the state Public Service Commission, which must approve the wholesale energy prices. They came as part of an earlier request by ACE, a trade group, to increase the amount of money that solar and wind developers will get for the energy they produce. NYSERDA's comments about the increase are not an endorsement of the increase request.
(Excerpt) Read more at timesunion.com ...
And this is just what they’re admitting to.
It will actually be much more expensive than that.
NYS is getting run into the ground at an exponentially fast rate. They’re looking for a bail out
Anyone looking for a bailout has to get audited not my. They get to spend money like this. Like a drunken sailor and corporations will throw money at it.
Why? I don’t know. I left there decades ago seeing their nonsense
How green energy scams run out of other peoples’ money.
More cost, less reliability.
Brought to you by liberals, who know more than you do...but accomplish much less.
Bastille USA day - in our future.
New York voters have chosen to have shit sandwiches served to them and they ALL will have to have a bite every day. Enjoy!
It is stupid to install solar cells in New York State when those solar cells would allow China to reduce CO2 emissions about six times more if deployed in southeastern China.
Solar cells should first be used in places with lots of sunshine that use coal to generate electricity - India and China.
There are some states like Texas that get lots of sunshine and use coal to generate electricity:
New York State should rely on available Canadian hydro and natural gas electricity.
64% increase from the producers, keystoned by the suppliers, in order to pay off the politicians and have a sustainable profit equals a 128% increase in energy costs.
Oh yeah, “Are the Good Times Really Over” Merle Haggard
https://www.youtube.com/watch?v=sIKUkcNeZfQ
Answer: YES
No price is too great if it saves the planet!
(How can people not see how ridiculous this sounds?)
Oh, but it’s OK because it’s just wholesale prices. Everyone knows the wholesalers will just absorb the price increase and not pass it on to consumers.
Going green means that it’ll cost you a lot more green!
Taking a step back and looking at this whole green energy thing, I think it is beyond criminal and unholy that these filthy, filthy politicians have squandered so much of our blood, sweat and tears on a hoax. How much more good could be done for humanity if the money was used in research and cures for cancer, alzheimers and a whole host of other diseases. And the whole purpose is to enrich themselves and select others. Pitiful beyond comprehension.
That’s the RATs’ plan.
More CO2 as well. Price is amazingly proportional to total CO2 emissions, including those hidden. To find out where, simply follow the money, often into the pockets of communists.
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