Study: Cost of wind energy 48% higher than previously estimated

Study: Cost of wind energy 48% higher than previously estimated
Mr. Big Wind himself

[Ed. – So, basically, we already knew wind was costly and uneconomic.  But it turns out it’s substantially more costly and uneconomic than previously acknowledged.]

The study titled, “The True Cost of Energy; Wind,” was conducted by the Institute of Political Economy at Utah State University, and given to Townhall exclusivelyThey came to this conclusion by looking at implicit costs that a variety of other studies — including studies from the Department of Energy and the Institute for Energy Research — did not account for.  …

The report highlights four main implicit costs associated with wind energy: the federal Production Tax Credit (PTC), Renewable Portfolio Standards (RPS), transmission infrastructure problems, and baseload cycling. …

Advocates of wind energy point to the fact that 43 percent of all new electricity capacity stems from wind power. However, as the study points out, this is entirely due to the massive amounts of subsidies that wind power receives. Every year, wind subsidies increase by an average of 32 percent, with subsidies totaling almost $5 billion in 2010. …

The PTC is one of the 82 wind energy initiatives that is overseen by nine federal agencies. …

Wind farms need to pay utilities to take electricity since wind is at its most powerful in the evenings, when most people are not using energy. This negative pricing distorts the market…

Another implicit cost of wind energy are transmission infrastructure problems. Wind farms tend to be farther away from transmission farms, which means the grid needs to be expanded and therefore results in higher costs.

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