Here's a study that shows wind power to be far more expensive than its proponents claim.
-Rich Collins
The Institute for Energy Research released a study titled
Assessing Wind Power Cost Estimates.
The study, written by Dr. Michael Giberson, an economics professor at
Texas Tech University, details the costs of wind power that commonly go
unreported in studies performed by government-funded groups such as the
National Renewable Energy Laboratory (NREL). The study is published as
the federal wind Production Tax Credit (PTC), a massive subsidy to the
wind power industry, is set to expire at the end of the year. Last year,
the PTC received another one-year extension that government analysts
project will cost taxpayers $12 billion.
“As Big Wind’s lobbyists fight tooth and nail to extend the wind
Production Tax Credit, it is important that we look at the true costs of
wind power to taxpayers and ratepayers,” IER President Thomas Pyle said
upon release of the study.
“Despite being propped up by government mandates and billion dollar
subsidies for decades, wind power continues to be an expensive and
boutique energy source that the American people cannot rely on for power
when they need it. Although lobbyists for the wind industry prefer to
downplay the real costs of wind power, Dr. Giberson has produced a
fact-based study that demonstrates just how expensive it really is.”
READ MORE: http://www.instituteforenergyresearch.org/ptccost/