Why is it important to repeal Ohio’s BigWind mandate?

Many times, we have blogged about the Forbes magazine article highlighting rising electricity rates in 10 states where BigWind generates the most power: http://www.forbes.com/sites/jamestaylor/2014/10/17/electricity-prices-soaring-in-top-10-wind-power-states/   Now, we have an independent review, about North Carolina and Kansas, confirming why mandating the use of BigWind is disasterous for a state’s economy. Remember, Ohio has currently ‘frozen’ our mandate, aka Senate Bill 310, while a committee reviews the effects of the mandate. This should be additional confirmation why Ohio should say goodbye to BigWind…

The Institute of Political Economy at Utah State University has produced a report on the costs of Renewable Portfolio Standards (RPS) in North Carolina…

Strata’s RPs findings utilize an innovative method of analysis originally developed by the Federal Reserve BANK of Philadelphia. Through econometric analysis and modeling, the methodology isolates the effects of policy mandates like RPS and outputs general impacts. Our findings show that states with RPS have a significantly higher set of negative economic impacts than states without RPS. Specifically, our research shows that across RPS states, industrial production (measured by electricity sales) is greater than a 13% decline. Additionally, real personal INCOME declines in RPS states by almost 4 percent. For a typical household, this translates to about $4,000 per family in Kansas and slightly more than $3,800 in North Carolina in 2013 alone. As a result, our analysis shows that Kansas has lost over 5,500 jobs and North Carolina has lost 23,769 jobs as a result of RPS mandates to date….

Institute of Political Economy | Renewable Portfolio Standards: North Carolina.

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