Wind Industry Study: Electricity Prices Skyrocketing In Largest Wind Power States

Let’s hope that Ohio does not enter this top 10 list any time soon, if ever!

A newly published paper by the American Wind Energy Association illustrates that electricity prices are rising more than four times the national average in nine of the 11 states with the most wind power consumption. In Texas, the only one of the 11 states with significantly declining electricity prices, deregulation rather than wind power is causing the decline in electricity prices. The findings are a huge blow to advocates of renewable power mandates and wind power subsidies….

The 11 states that AWEA identifies as deriving more than 7 percent of their electricity from wind power are Colorado, Idaho, Iowa, Kansas, Minnesota, North Dakota, Oklahoma, Oregon, South Dakota, Texas, and Wyoming.  AWEA says these 11 states have had slightly falling electricity prices since 2008, but official U.S. Energy Information Administration (EIA) data show nine of the 11 have dramatically rising prices. Let’s take a look at EIA’s electricity price data for each of the 11 states since 2008:

Colorado – up 14%

Idaho – up 33%

Iowa – up 17%

Kansas – up 29%

Minnesota – up 22%

North Dakota – up 24%

Oklahoma – down 1%

Oregon – up 15%

South Dakota – up 26%

Texas – down 19%…

In Texas, economists agree that electricity prices are falling in recent years as a result of the state’s deregulation efforts during the past decade. Texas coal power, natural gas power, nuclear power, and wind power are all experiencing declining prices due to deregulation, yet AWEA falsely ascribes the state’s declining electricity prices to wind power. Not only does AWEA falsely ascribe Texas’ falling electricity prices to wind power rather than deregulation, AWEA then concocts a self-serving formula by which it uses Texas’ deregulation to hide the cumulatively skyrocketing electricity prices in the 10 other states that generate the most wind power….

via Wind Industry Study: Electricity Prices Skyrocketing In Largest Wind Power States – Forbes.

Advertisements