This article originally posted at TckTckTck. The original can be viewed here. Onshore wind is now the cheapest form of new electricity generation in Denmark, undercutting coal power, according to the government’s energy agency. New analysis shows that onshore wind plants … Continue reading Wind declared cheapest energy source in Denmark
This article originally posted at The Conversation. View the original post here. Ever since Clive Palmer announced that the Palmer United Party (PUP) would support the retention of the Renewable Energy Target (RET), The Australian and News Corp’s tabloids have … Continue reading When will Australia have its Kodak moment on renewable energy?
This article originally posted at The Conversation. View the original post here. Australia’s “carbon tax” is being axed – so what does it mean for you and for Australia? We asked Conversation readers to tell us on Facebook and Twitter what questions you’d like us to … Continue reading Carbon tax axed: how it affects you, Australia and our emissions
Originally posted at Eco-Business. View the original post here. While Prime Minister Tony Abbott says renewable energy significantly increase electricity bills, a new study finds wind energy actually forced down wholesale power prices by more than $3.2 billion over six years – … Continue reading Big savings from renewable energy target but consumers miss out
Originally posted at RenewEconomy. View the original post here. As Prime Minister Tony Abbott again attacked renewables for their presumed impact on consumer bills, wholesale energy prices in Queensland have slumped to unprecendented lows as rooftop solar continues to boom … Continue reading Energy prices crash as Queensland solar takes hold
The letter below was written by Nigel Morris, Director at SolarBusinessServices. The original letter can be found here. Dear Prime Minister I don’t like to publicly criticize leaders but I am compelled to take you to task. Can you please … Continue reading Nigel Morris: Dear Prime Minster Tony Abbott – can you please stop lying about the RET
Originally posted at Climate Spectator. View the original post here.
Hugh Bannister from one of Australia’s handful of electricity market modellers, Intelligent Energy Systems, has released analysis looking at who would win and lose out of a move to axe the large scale component of the Renewable Energy Target (the LRET).
The headline answer is that the winner won’t be energy consumers, in fact they’ll lose to the tune of a half a billion dollars over the next decade on a net present value basis. Indeed what is likely to cause quite a deal of shock is that the average NSW household would end up paying more on their electricity bill per year from abolishing the LRET then the entire extra cost associated with the carbon tax. Continue reading “Generators to cash in at expense of renewables and consumers”
The falling cost of renewables is not news to those who have paid attention to analysis from green-focused think tanks, or groups like Bloomberg New Energy Finance. But it is when a major European utility, with equal exposure to fossil fuels, wind, and hydro, says that onshore wind is the cheapest of any new utility scale technology.
That is the assessment of Portugal’s EDP, which has around 24GW of generation, of which around 8.7GW is in onshore wind. Continue reading “European utility says wind now cheapest form of generation”
In the eight years between 2005 and 2013 South Australia’s installed wind capacity grew from 388 MW to 1203 MW thanks to the Renewable Energy Target and price on carbon – a result which saw 25% of the state’s electricity … Continue reading Report finds SA’s leading wind capacity benefits pricing and emissions
Electric bills are trending down for people that live in high-wind states, according to research by the American Wind Energy Association (AWEA).
The 11 states that get more than 7% of their electricity from wind energy have seen their electric prices decrease by 0.37% over the past five years, in contrast to all other states, where electricity prices have increased 7.79% during that time.
The 11 states are: Texas, Wyoming, Oregon, Oklahoma, Idaho, Colorado, Kansas, Minnesota, North Dakota, South Dakota, and Iowa.
Texas is on the verge of getting 10% of electricity from wind; Iowa and South Dakota already get 25%.
The more wind capacity they have, the more rates have come down.
But don’t AWEA’s word for it – at least 15 studies confirm that as wind energy increases, electric prices come down. Studies have been done by independent grid operators, state governments, academic experts, and others.
For example, research from New England’s grid operator concludes that when wind provides 14% of electricity, prices drop 10%, and when it reaches 24%, prices decline 15%. Find the links to these studies in AWEA’s white paper, Wind Power’s Consumer Benefits: