This data substantiates what we have been saying for years. BigWind will make our electricity rates skyrocket, which destroys jobs, families, and our way of life. Americans need to stand up to this administration, this EPA, and this liberal agenda before it is too late….and it is almost too late!!! What will the Ohio study mandate committee decide to do with our renewable portfolio standard? Let us hope they use common sense.
Today, the Institute for Energy Research released a first-of-its-kind study calculating the levelized cost of electricity from existing generation sources. Our study shows that on average, electricity from new wind resources is than from existing nuclear and than from existing coal. These are dramatic increases in the cost of generating electricity. This means that the premature closures of existing plants will unavoidably increase electricity rates for American families….
The LCOE-E framework allows for cost comparisons that are relevant for today’s energy policymakers. For example, when all known costs are accurately included in the LCOE calculations, we find that existing coal ($38.4), nuclear ($29.6), and hydroelectric resources ($34.2) are about one-third of the cost of new wind resources ($112.8) on average. By increasing the transparency of the costs associated with policies favoring new resources over existing conventional resources, we hope to inform policymakers with the best available data and raise the level of the electricity policy debate….